Weekly

Yesterday, Alaska announced the election results. Trump won three candidates' votes in the state, but it was still far lower than his competitors' votes. Unless he can overturn the election results in Michigan or Pennsylvania, he will be weak. Biden, the Democratic Party of the United States, claimed to have won the election, and announced a transitional group of nearly 500 people. But up to now, the name of the new president has not been signed and confirmed by the General Services Administration of the United States, so Biden could not get about 10 million dollars of transitional funds. When Biden was asked by the media that the transfer of power was stagnant, he responded that funds were not a problem at this stage, and criticized the Trump administration's actions as embarrassing, but he believed that they would finally accept the choice of the American people, and his election team did not rule out the solution by law. It is getting closer and closer to the day when the electoral votes are cast. If the election results are still stuck on the 14th of May, it will trigger a century lawsuit and increase social unrest.

The New Reserve Bank of New Zealand announced the interest rate decision yesterday, and the result remained unchanged at 0.25%, which was in line with market expectations. The central bank also announced that in order to increase liquidity, it will postpone the implementation of increasing the capital requirements of banks until July 1, 2021, but reiterated that it will provide further support if necessary, which may include turning to negative interest rates in 2021. However, it is necessary to pay attention to the local information issued by the New Zealand Central Bank, saying that in order to help the New Zealand economy recover from the recession caused by the coronavirus pandemic, banks should reduce financing costs and accept poor asset quality to support the bank credit situation. Kirsten, assistant governor of New Zealand's central bank, said that if banks don't like negative interest rates, they should implement as many low-interest loan programs as possible, which will make it necessary for the central bank to implement negative interest rates. Investors understand that the New Zealand dollar has a safety period and pursue non-U.S. currencies with guarantees in the past six months. The New Zealand dollar has soared against the U.S. dollar.

The news that the new pneumonia vaccine may be available will continue to have a positive impact. In addition, European Central Bank President Lagarde said that when formulating a new economic stimulus plan in December, it will focus on expanding the scale of emergency bond purchases and will provide more to banks. Low-interest loans to help the euro zone economy hit by the epidemic, the speech made the investment atmosphere even hotter, the major European stock markets rose for three consecutive days, and the German DAX index rose by 0.4%; French CAC index rose by 0.5%; The FTSE 100 Index also rose 1.4%.

The oil price rose for the third consecutive day, the news that new pneumonia vaccine R&D might be available continued to ferment, and investors looked forward to the increase of future energy demand in the market. new york oil futures once rose above the level of US$ 43 and closed at US$ 41.45, an increase of 0.2%. The new york stock market developed independently, and the Dow Jones index fell slightly by less than 0.1%; The Standard & Poor's 500 Index rose by 0.8%; Nasdaq index rose and fell 2%, ending two consecutive losses.

Gold prices fell yesterday, with the highest price reaching $1,879 per ounce, the lowest price reaching $1,863 per ounce, and finally closing at $1,865 per ounce, down $12. It is expected that gold prices will be consolidated at the current price before the US President announces his inauguration.

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