Weekly

Biden, the Democratic Party of the United States, claimed to win the general election. Traditionally, the first task of the current presidential government before the formal transfer of power was to sign a document by the General Affairs Administration of the United States to recognize the new president-elect. But so far,

The big internal manager appointed by Trump has been slow to act, which will make Biden's transition team unable to obtain about 10 million US dollars of transition funds, and also make the Biden team unable to use the government office

Computers, etc., waste contact with federal officials, to carry out the preparatory work for the new government. It is Trump's refusal to admit defeat that makes it impossible for the new president to start the transition process.

And tried to challenge the election results by law. On behalf of Trump's private lawyer, former new york Mayor Giuliani said that he would first enter Pennsylvania with 20 electoral votes. At the same time,

The Secretary of State of Pennsylvania asked the federal judge to dismiss the lawsuit. The inauguration ceremony of the president will be held on January 20th next year. No matter which president is in charge, he is expected to face a torn political state.

The news of breakthrough progress in Pfizer's vaccine in the United States continued to benefit the market. Major European stock markets rose, traditional economic sectors, including banks and energy stocks, were sought after, and the German DAX index rose by 0.55%;

French CAC index rose by 1.6%; The FTSE 100 Index also rose 1.8%. The Brexit negotiations continue, and the differences still fail to reach consensus. The UK will review the internal market law in the House of Lords and try to eliminate some illegal chapters.

Prepare for hard Brexit. Yesterday, the euro rose against the dollar, while the pound fell against the dollar. Oil prices have risen for two consecutive days. american petroleum institute announced that US crude oil inventories fell sharply by 5.1 million barrels last week.

Far better than the expected decrease of 913,000 barrels in the market, plus the positive news of new pneumonia vaccine R&D, the market's negative sentiment of weak energy demand in the future was removed, and new york oil futures closed at 41.36 US dollars per barrel, up 2.7%.

New york stock market developed independently, capital flowed to traditional enterprises, new economic shares were under pressure, and Dow Jones index performed best, up 0.9%; The Standard & Poor's 500 Index fell 0.14%; Nasdaq index fell 1.4%, falling for the second consecutive day.

The gold price rebounded yesterday, and the market expects that the United States will launch new fiscal and monetary stimulus measures in December, which will bring support to the gold price after the sharp drop last day. The highest price of gold is 1890 US dollars per ounce, and the final closing price is 1877 US dollars per ounce.

It is expected that the price of gold will be consolidated at the current price before the US president announces his inauguration.

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