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Good morning, Bull Sheeters. Stocks and futures didn't change much on Thursday, despite reports that Biden's new administration is planning a new round of stimulus spending priced at $ 2 trillion. Robinhood dealer, you're in luck. The proposal reportedly includes $ 2,000 worth of stimulus checks that would earn you a fair fraction of Bitcoin.
The other big news from Washington – Impeachment 2.0 – did little to confuse markets yesterday. Yes, the Dow fell in the last half hour of trading, which coincided with the historic vote on the uprising, but the real test is coming in the Senate whenever that may be.
Let's see what moves the markets.
- The mayor Asia indices are mixed with Japan in afternoon trading Nikkei above 0.8%.
- China reported his first COVID death nine months from now, and its largest accumulation of new cases since last spring, revelations weighing on investors.
- The Trump administration suggested import bans on Chinese cotton and tomato Broadcasts as global criticism of Beijing for human rights abuses in Xinjiang.
- The European stock exchanges were mixed with that in early trading Stoxx Europe 600 above 0.2% outdoors, before climbing.
- The Euro holds as well as Italian stocks and bonds like PM Giuseppe Contes Government in Rome swaying on the verge of collapse. Overthrown governments are nothing new in Italy (although this rarely happens in the middle of a pandemic).
- The $ 20 billion Mega transatlantic food merger between Canadas Couche-tard and French retail giant Carrefour hit a big catch. The French government is opposed to a foreign takeover of France's favorite place to buy cardboard phygienics during a pandemic.
- The US futures are flat again this morning after meager gains on the S&P 500 and Nasdaq yesterday. Intel was the top performer yesterday after the beleaguered chipmaker announced a change in leadership.
- What happened to Stimulus trading? CNN reports on the president-elect Joe Biden will roughly reveal one $ 2 trillion COVID-19 aid package today, and yet the markets are completely unimpressed.
- Johnson & Johnson stocks were 1.2% higher in pre-market trading after the drug maker announced its Single-shot COVID-19 vaccine produced a promising long-lasting immune response in early-stage testing.
- gold is down, down again $ 1,840 / ounce.
- The dollar is flat.
- Raw is downstairs with Brent around $ 56 / barrel.
- Bitcoin is plus 10% in the past 24 hours. Maybe I should have followed my butcher's advice to go all in $ 35,000.
Earning season advice courtesy of BofA Securities
Stock picking advice courtesy of Meek Mill, the famous rapper
And the vaccination guide is …
The restoration trade depends on a successful introduction of vaccines. Fortune tracks the winners and losers.
Who needs suggestions?
As the future Biden administration is planning a third economic cycle, let's take a look at household savings rates. According to the German investment bank Berenberg, American households are pretty flush compared to the Germans, French and British.
I wish everyone a pleasant day. See you here tomorrow … Until then, there's more news below.
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