1 / DANGER OF CHRISTMAS
Christmas is coming and many countries are torn between relieving citizens of strict restrictions and tightening those restrictions with coronavirus cases soaring high.
In the last few days, much of England has been hit by the harshest of restrictions, Germany going under full lock and South Korea facing the worst revolution since the pandemic began .
Germany and the UK will take down rules a bit so families can celebrate. JPMorgan predicts that the impact of the UK mitigation on diseases, hospitals and deaths could be significant, making national closures in January more likely.
But nothing seems to be stopping Santa’s rally at the end of the year with world stocks, oil and bitcoin prices in a sell-off vibe, surpassing the U.S. stimulus pledge and COVID-19 vaccine hopes. Signs that the New Year may introduce new locks could be a stark reminder that the global economy will be dealing with long – term virus reactions by 2021.
– After the announcement of jeers for German Merkel over COVID-19 – Most US small businesses will see the worst coronavirus impact yet ahead -poll
VISION 2 / TUNNEL
With the clock ticking and British and European arbitrators in the tunnel, investors are tired of looking again at unloved British assets.
Some argue that they may deserve a second chance. Since the 2016 Brexit referendum vote, global investors have squandered British assets, with the country’s stock market suffering $ 60 billion in outflows.
The pound is among the most valuable of the major currencies on the basis of trading pressure, while equity risk priorities for the stock market are above their long-term average.
With policymakers tending to keep the cash position relatively easy, the British economy is likely to benefit in 2021 from the nationwide spread of COVID-19 vaccines.
-Brexit deal or no deal, select meat supply lines on red tape
BALANCING ACT 3
China will be fixing its benchmark lending rate on Monday with investors looking for ideas on the outlook of the People’s Bank of China and the country’s economic planners.
Almost no one predicts movement. But emerging risks, highlighted by recent deficit losses, are forcing the PBOC to pour money into the banking system – an appropriate move against an expected move. towards tension. A forthcoming Central Door Economic Work Conference – which will be held soon – will focus on this balancing act.
As global investors mark Chinese debt as a major buyout, the recent uptick against the rise of the Yuan and a widening gap between onshore and offshore prices may be marking me -comfort on one side of the trade – and being comfortable on the other.
-China set to keep LPR loan benchmark stable for 8th straight month – China c.bank injection records 950 bln Yuan of medium-term assets after bond failure
4 / PLACING THE CLUB
Tesla joins the S&P 500 on Monday, and index money will raise some $ 80 billion worth of electricity maker shares to change the records.
Tesla shares have risen nearly 700% year to date, raising its stock market value at more than $ 600 billion and making it the sixth most valuable listed company in the U.S..
Some say its share price is far ahead of fundamentals and there is a heated debate about where the stock will go from here. Analysts have an average price target of $ 396.30 per share, more than a third lower than its current price – although estimates range from $ 40 to $ 774 per share.
-Tesla moves to S&P after meteoric rise and some investors want to see more -Tesla unprecedented trade ahead of S&P 500
RESULTS 5 / TURKEY
Turkey’s central bank governor Naci Agbal has another chance to confirm that the country is returning to orthodox monetary policy on December 24.
Markets praised its move in November to hit the benchmark up to 15% as well as the commitment to put price stability at the heart of monetary policy.
A Reuters poll showed analysts expect the central bank to raise rates again between 100 and 200 basis points. With geopolitical tensions in scarce supply, investors want the central bank to follow Agbal’s promises. -UPDATE 2-Turkey says it will not reject Russian S-400S purchase despite US sanctions – locals’ forex holdings at new high as December 11 -cenbank
Reporting by Dhara Ranasinghe, Karin Strohecker and Saikat Chatterjee in London, Ira Iosebashvili in New York and Tom Westbrook in Singapore, compiled by Karin Strohecker; edited by Larry King