{"id":2404,"date":"2020-12-18T13:06:00","date_gmt":"2023-03-31T20:19:13","guid":{"rendered":""},"modified":"2023-12-20T08:17:58","modified_gmt":"2023-12-20T08:17:58","slug":"daily-market-outlook-week-to-close-with-solid-gains","status":"publish","type":"post","link":"https:\/\/blog.zulutrade.com\/ar\/daily-market-outlook-week-to-close-with-solid-gains\/","title":{"rendered":"Daily Market Outlook – Week to close with solid gains"},"content":{"rendered":"

Markets are still experiencing bullish bias as vaccine optimism teamed with the soon-to-be-agreed US stimulus package are supporting all major indices. The EU market started off neutral today due to the ongoing delay of the Brexit deal, however, still keeps their previous gains. <\/span><\/p>\n

CopyTrade with ZuluTrade<\/span><\/a><\/p>\n

US news: Following similar practice with Pfizer\/BioNTech COVID-19 vaccine, it is expected the FDA will <\/span>approve<\/span><\/a> Moderna’s vaccine as a means to combat the ongoing spread of the pandemic, especially in the US. In the meantime, Dr. Anthony Fauci made an important <\/span>announcement<\/span><\/a> regarding COVID-19, “Stay at home as much as you can, keep your interactions to the extent possible to members of the same household”, he said. “This cannot be business as usual this Christmas because we’re already in a very difficult situation, and we’re going to make it worse, if we don’t do something about it”.<\/span><\/p>\n

In other news, Joe Biden has announced Jennifer Granholm as the head of the Department of Energy.<\/span><\/p>\n

CopyTrade with ZuluTrade<\/span><\/a><\/p>\n

EU-UK news: In Brexit news, Michel Barnier <\/span>warned<\/span><\/a> time is running out for reaching an agreement before the end of the year. Boris Jonhson also addressed the fisheries issue, which could be a potential block in reaching an agreement. A major money laundering case involving Credit Suisse has come to light, as the Swiss regulator placed <\/span>charges<\/span><\/a> against the global investment bank for failing to comply with anti-money laundering regulatory requirements between 2004 -2008. <\/span><\/p>\n

CopyTrade with ZuluTrade<\/span><\/a><\/p>\n

Corporate news: Robinhood has accepted a $65m fine from the SEC as the platform failed to provide customers with the best price for their trades. FedEx (FDX) dropped sharply in the after hours market, as their executives warned that the new wave of COVID-19 will threaten the US economic recovery. Coca-Cola <\/span>announced<\/span><\/a> they will cut 2200 jobs globally, half of them in the US, as part of their restructuring.<\/span><\/p>\n

CopyTrade with ZuluTrade<\/span><\/a><\/p>\n

Macros: Earlier today, Japan’s Inflation Rate YoY dropped a further to -0.9%, while BoJ kept their interest rate unchanged at -0.1%. UK’s Retail Sales YoY fell at 2.4% from 5.8% while German’s PPI YoY improved by 0.2% and Ifo Business Climate increased to 92.1. Later today, traders expect the results of the 2nd round from the Fed Bank Stress Test as well as FED speeches by Evans and Brainard.<\/span><\/p>\n

Disclaimer<\/strong><\/p>\n

The views expressed do not constitute investment or any other advice \/recommendation \/suggestion and are subject to change. Reliance upon information in this material is at the sole discretion of the reader. Opinions expressed in the report do not represent the opinion of<\/span> ZuluTrade Social Trading Platform<\/span><\/a> and do not constitute an offer or invitation to anyone to invest or trade.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Markets are still experiencing bullish bias as vaccine optimism teamed with the soon-to-be-agreed US stimulus package are supporting all major indices. The EU market started off neutral today due to the ongoing delay of the Brexit deal, however, still keeps their previous gains.  CopyTrade with ZuluTrade US news: Following similar practice with Pfizer\/BioNTech COVID-19 vaccine, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2404","post","type-post","status-publish","format-standard","hentry","category-market-view"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_last":["4"],"rank_math_analytic_object_id":["136"]},"pll_post_group":null,"_links":{"self":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/comments?post=2404"}],"version-history":[{"count":1,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2404\/revisions"}],"predecessor-version":[{"id":3819,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2404\/revisions\/3819"}],"wp:attachment":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/media?parent=2404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/categories?post=2404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/tags?post=2404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}