The pound depreciated amid a complete closure of London despite trade negotiations, according to Bloomberg. Futures fluctuations in US stocks are also underway following the package deal.
The dollar rose and stocks fell, while the worsening epidemic and the lack of progress in the Burgess trade negotiations reduced risk-taking despite an agreement on a US stimulus package. Crude oil fell about 3 percent.
The pound came under pressure as British officials faced a rapidly spreading new coronavirus and, according to one official, there were still significant differences in trade negotiations with the European Union. The Australian dollar fell amid new restrictions in Sydney due to the growth of the virus. And the price of treasury bonds goes up with gold.
S&P 500 futures fluctuated, with most Asian and Pacific stocks retreating. Members of Congress have agreed to spend $ 900 billion to support the US economy amid an escalation of the virus. European stock futures traded lower with German and French flights suspended from the UK.
The text of the US stimulus bill is still being written, but Senate Majority Leader Mitch McConnell told the Senate that we finally had the two-pronged success needed to pass the bill in Congress and the Senate. The second economic rescue operation in the nation’s history is expected to receive votes on Monday.
According to one economist, for many, the end of 2020 will not come soon, this disease has caused a stir in the financial markets, and so we expect the New Year wish of many market participants that the initial arrival and distribution of vaccines Corona virus done.
More than 16 million Britons are now forced to stay at home, while a complete holiday has taken place in London and the south-east of the UK, with some European countries taking steps to limit travel to the UK.
Thailand fell to 3.7 percent with the SAT index, the worst performer among other stock markets, while officials said it may be necessary to increase restrictions as the incidence of the virus increases.
At the same time, Beijing threatened retaliation after Washington blacklisted more than 60 Chinese companies.
Here are some important events:
The Energy Information Administration (EIA) crude oil inventory report will be released on Wednesday.
Unemployment, longevity, personal income claims of the United States are presented on Wednesday.
• US Bond and Stock Trading and other markets around the world close early Thursday for the Christmas holidays. Most global markets are closed on Fridays.
In the markets:
Tokyo S&P 500 futures fell 0.1 percent. The index fell 0.4 percent on Friday.
• Japan’s Topix index fell 0.5 percent.
Hong Kong Index fell 0.2 percent in Hong Kong.
• Shanghai Composite grew 0.6%.
Australia’s S&P / ESX index fell 0.1 percent.
Euro Stux X50 futures lost 1.6 percent.
The Bloomberg Dollar Index rose 0.5 percent.
The yen fell 0.1 percent to 103.39 per dollar.
• The euro fell 0.6 percent to $ 1.2190.
The pound fell 1.2 percent to $ 1.3365.
The Australian dollar fell 0.7 percent to 75.67 US cents.
• 10-year Treasury yields fell to 0.92%.
• 10-year Australian bond yields fell to 0.96%.
West Texas Intermediate fell 3 percent to $ 47.65 a barrel.
Gold rose 0.9 percent to $ 1,898.87 an ounce.