Relax: the UK and the EU have struck a trade deal. There will be no hard Brexit.
Last week, Donald Trump, who is ending his presidency, vetoed the Senate stimulus bill. Trump did not approve of the size of the one-time payment to the Americans, which turned out to be too small ($600). The vote on the updated version of the economic relief check for $2,000 will take place on Monday.
The UK and the EU have finally agreed on the terms of a future trade agreement. The parties managed to find a compromise on fisheries, which almost no one believed in.
US GDP grew by 33.4% the third quarter of 2020, which turned out to be a slightly better result than the forecast. The number of those receiving unemployment benefits fell to 803 thousand, and new home sales fell by 11%. This is the largest decline since March.
A new strain of coronavirus is gradually spreading around the world. The World Health Organization says the new strain is at the same level of danger as COVID-19. In addition, Ugur Sahin, the CEO of BioNTech, has assured that the vaccine co-produced with Pfizer will be effective against the new strain.
The situation in the oil market remained stable despite an increase in the number of COVID-19 cases, as well as the closure of the UK borders. According to the US Department of Energy, stocks slightly fell by 500 thousand barrels.
A fundamental view
|The bad news continues for the company. China has launched an anti-monopoly investigation into Alibaba. This news is an extremely worrying signal for investors, which will reduce short-term demand for securities.|
|The company’s shares rose significantly last week, thanks to an upbeat quarterly financial report. The sporting goods maker managed to increase its online revenue by 84%.|
|Citigroup raised the investment rating of the company’s shares to Buy from Neutral. At the same time, the asset’s target price was lifted from $229 to $272. Against this background, investors can start buying the stocks.|