Over the weekend, Trump surprisingly signed a large $ 2.3 trillion stimulus bill, including a $ 900 billion bailout package approved by Congress.
Meanwhile, the United States continues to report numerous COVID infections and deaths. Some experts are worried that the United States has failed its vaccination campaign. So far, the country has vaccinated only 2 million people and 11 million doses of two vaccines produced by Pfizer and Moderna. This figure is well below the expectations of Operation Warp Speed, a government program aimed at accelerating the development of COVID vaccines. President-elect Joe Biden said the program’s leaders plan to vaccinate 20 million citizens by the end of 2020.
To make matters worse, in the United States, infection with the new COVID strain, which was first detected in the United Kingdom, was first identified. This variant is said to be 70% more infectious than the current coronavirus.
In individual corporate news, Snapchat owner Snap surged by more than 6% after Goldman Sachs raised its price target, citing bright earnings growth expectations.
The Boeing 737 MAX jet has resumed flight in the United States for the first time since the safety ban was introduced about two years ago.
In Asia, stocks are mostly bullish, despite the US Senate’s decision to skip voting for additional direct payments. Investors look forward to a strong economic recovery next year as the government has stated that it is ready to continue its unprecedented stimulus package.
(December 30, 2020) Daily Market Brief 2: Stocks are mostly bullish in Asia-Market News-December 30, 2020
https://www.mql5.com/en/blogs/post/742192?utm_campaign=RSS&utm_medium=display&utm_source=MQL5+EN+Blog (December 30, 2020) Daily Market Brief 2: Stocks are mostly bullish in Asia-Market News-December 30, 2020