There is a hint of progress in negotiations on a trade deal between the EU and the UK.
The past week did not bring events to the market that could radically change the situation. Investors’ attention was still riveted to the negotiations for a trade deal between London and Brussels. The parties are still hoping to reach an agreement.
The oil market is relatively calm. Quotes continue to hold in the previously indicated range, which indicates uncertainty. However, the risk of reduced demand for raw materials due to COVID-19 is still in the air.
But the cryptocurrency industry may gain a new wave of popularity, because PayPal announced its intentions to provide its customers with the opportunity to buy, sell, transfer and store popular digital coins. The American regulators approved this expansion.
The number of applications for unemployment benefits in the United States fell by more than 100 thousand. The indicator fell for the first time in 3 weeks, so investors reacted rather positively to the strong statistics of the labor market.
Joe Biden’s victory in the presidential race could create fertile ground for solar manufacturers as the candidate promises support for the clean energy sector.
A fundamental view
||An antitrust lawsuit filed could hit Google. In addition to American prosecutors, South Korea is also starting a lawsuit, while Europe still expects to introduce an additional tax on the profits of large IT companies.|
|The company released its quarterly financial statements last week. Earnings per share exceeded expert forecasts: $0.76 against $0.57. This is the company’s fifth consecutive profitable quarter. This state of affairs could trigger a long-term positive trend.|
|The IPO of the Ant Group subsidiary may break the record for the amount raised. Alibaba itself will own 33% of the shares. It is also known that there is a high demand for Ant Group securities from retail investors.|