Oilmen nevertheless decided to start the new year by increasing the volume of black gold production, but by only 500 thousand barrels.
American politicians gave hope that a new package of economic stimulus would be approved by the end of the year. The senator was able to move forward in agreeing support measures for $908 billion. The aid package provides for the allocation of funds for small and medium-sized businesses, as well as the payment of unemployment benefits.
The UK is the first country to approve an emergency vaccine for COVID-19 from Pfizer and BioNTech. The first doses of the drug have already begun to arrive, but there is a risk of supply disruptions.
Negotiations on the terms of a trade agreement between the EU and the UK have still come to nothing. While both sides have noted progress, significant differences remain. It should be noted that there is less and less time for agreements.
The OPEC+ countries have decided to raise their crude oil production from January 2021. However, instead of the expected increase in the quota by 2 million, exporters will only be able to produce more by 500 thousand barrels per day. The next stage of the increase may take place in April.
In the United States, the number of people receiving unemployment benefits has decreased. The decrease amounted to almost 400 thousand, which indicates that the positive trend in the recovery of the labor market continues.
A fundamental view
|The company has closed a major deal for the sale of 75 civil aircraft to Irish Ryanair. The deal is valued at $9 billion, so it immediately caused an increase in demand for shares. On the day the deal was announced on December 3, Boeing shares were up more than 5%.
This security is worth paying attention to, because unlike many other leading companies, Boeing did not manage to win back the crash. Recall that the historical maximum of the shares is at $446. Now the securities are quoted slightly above $210.
|UBS analyst Eric Sheridan predicts Amazon shares will rise to $4,000. In his opinion, the pandemic has stimulated the active growth of the company’s presence around the world. Earlier, a similar forecast was published in China Renaissance.|
|Investment firm Loop Capital upgraded Apple to Buy and raised its target price to $131.|