Weekly

The voting procedure of the US presidential election was completed yesterday. According to statistics, more than 140 million voters have cast their votes, and the counting of votes is still going on. At this stage, there are still variables about who can become the new White House owner.

However, Biden had a slight advantage, and only seven electoral votes were needed to get enough 270 votes to be elected as the new president of the United States. Although Trump has little chance of turning over, he said that some people cheated in the election.

If he counted the legal votes, he had won the election, but someone stole his presidential election results with illegal votes, and he would litigate in several leading Biden States, seeking legal solutions.

The most concerned election in the world has degenerated into a mud wrestling, and even became an international joke. Is there really a player behind the scenes who is manipulating it? Or is it just someone who can't afford to lose?

Not easy to know! But at least American nationals can experience the spirit of democracy and give participants the opportunity to participate in the original system.

Some experts pointed out that Biden won in the end, and still worried that the new president would not be handed over smoothly, while the US Senate estimated that it would continue to be controlled by the Republican Party, which might stifle administration, cause internal friction and drag down the US economy.

Yesterday, the Bank of England announced the interest rate decision, keeping the discount rate unchanged at 0.1%, but increasing the amount of debt purchased by about 195 billion US dollars. Britain is the first country to announce an increase in substitution easing after Australia's central bank joined the Bank of Australia.

Investors expect central banks to continue printing money to save the economy, and the national stock market will benefit first. The major stock markets in Asia will generally rise, and Hong Kong Hang Seng Index will outperform the region by 3.3%. Major European stock markets rose across the board,

The German DAX index rose by 2%; French CAC index rose by 1.2%; The FTSE 100 Index also rose 0.4%. The new york stock market also continued to rise, with the Dow Jones index and the Standard & Poor's 500 Index both rising 1.9%; Nasdaq index performed better,

Up 3.9%.

Yesterday, the U.S. Federal Reserve also announced the results of interest rate decision, and members of the Federal Reserve unanimously agreed to keep the interest rate between 0 and 0.25%, which was in line with market expectations, but what was even more striking was the speech made by Powell, chairman of the U.S. Federal Reserve.

He said that he noticed that the economy has not returned to the level before the outbreak in February, and the economic momentum has weakened recently. He reiterated that he will not reduce the scale of debt purchase and expects the inflation rate in the United States to maintain or even slightly exceed 2%.

He said that the Fed's bullets are still not used up, and the Fed will adjust its tools in the interest rate decision next month. Powell's remarks arouse people's imagination, and the dollar immediately went down. Cash is no longer the emperor,

After the central banks issued a large number of banknotes, they immediately depreciated. In addition, under the low interest rate policy, the real interest rate is worse, the negative interest rate has the opportunity to exist for a while, and investors generally pursue higher risks.

Gold performed well yesterday, rising 47 dollars and closing at the highest level of 1950 dollars per ounce yesterday. It is expected that there will still be a big market situation before the results of the US presidential election.

Another noticeable investment tool is Bitcoin, which broke $13,000 each two weeks earlier, and approached $15,770 each yesterday, showing a sharp trend.

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