A positive closing | Weekly Excerpt

Week of November 02 to 06, 2020

Global financial markets close on a positive note. The U.S. equity market closes its best week in 7 months.

To be taken into account

• Joe Biden  won the electoral race in the United States. Details of his plan to curb the Coronavirus pandemic are expected soon.
• In view of the possible scenario of a congress divided between Republicans and Democrats, investors believe that there will be less chance of drastic changes in different policies such as tax increases and increased regulations.
• The U.S. dollar has touched minimum prices In the year, important news on the new fiscal stimulus in the United States is expected.
• Financial markets worldwide have a positive close.
• The vaccine developed against Covid-19 by Pfizer and BioNtech has announced an efficacy of more than 90% prevention in a study in tens of thousands of volunteers.
• On November 15 The deadline to reach a Brexit trade agreement between the United Kingdom and Europe is coming to an end, and investors are watching for the final outcome.