*Goldman Sachs expects 70% of developed countries to be vaccinated next autumn
On Friday, investors are expected to close at a new high of the benchmark 500 and the White House. As of the end of the day, the Dow rose 37.9 points to 29911.4 points; the standard & Poors 500 index rose 8.7 points, or 0.2%, to 3638.4 points; the NASDAQ index outperformed other indexes by 111.4 points, or 0.9%, to 12205.9 points. U.S. stocks closed three hours ahead of Thanksgiving.
Retail stocks strengthened on Black Friday, with the spdrs & Retail ETF (the spdrs & Retail ETF) closing 0.9% higher and reaching a new high. Etsy, an e-commerce platform, rose 10.7%, while gap closed 0.7%. Tech stocks performed well, with Netflix up 1.3%, Amazon up 0.3%, Tesla up 2.1%, with a market value of $545.8 billion, surpassing Berkshire Hathaway and becoming the sixth largest company in the US stock market.
The agency forecasts that the sales volume of black five will reach 8.9-10.6 billion
There are no longer long queues in shopping malls, parking lots are cold, and there are more shop assistants than customers The black five under the epidemic situation is quite different from previous years, but the market still expects that this years black five will record record sales performance.
The VIX panic index, which represents market volatility, fell below 20 for the first time since late February. Foreign media reported that U.S. President trump said late Thursday that if the electoral college chooses Biden as president of the United States, he will leave the White House. He also said delivery of the vaccine would start as soon as next week.
The big bank Goldman Sachs predicts that by the middle of next year, a large number of people in major developed economies will be vaccinated with the new crown vaccine, boosting the rapid recovery of global economic growth. The banks economists Jan Hatzius and Daan struyven published a report, predicting that high-risk groups in the United States may be the first to get vaccinated in mid December, 50% of the British population will be vaccinated in March next year, the United States and Canada will reach this proportion in April, and half of the people in the European Union, Australia and Japan may be vaccinated. In the autumn of next year, the proportion of vaccination in developed economies will exceed 70%.
The Dow rose 13% in November, the best month since January 1987
Summing up the week, the Dow and the S & P 500 rose 2.2% and 2.3% respectively, while the NASDAQ rose nearly 3%. On Wednesday, the Dow closed above the 30000 point integer level for the first time, tracking small cap stocks in the Russell 2000 index. On a monthly basis, the positive progress in vaccine research and development led to a strong rise in US stocks in November. The Dow has risen by 12.9% since the beginning of the month, or the best month since January 1987. The S & P 500 index and the Na index rose 11.3% and 11.9% respectively. The Russell 2000 index soared by 20%, which is expected to record the largest monthly increase in history. The performance of value stocks is bright. The Russell 1000 value stock ETF (iShares RUS) is expected to achieve the largest monthly increase in history Sell1000valueetf) was up 15% this month.
as the vaccine is nearing market and the market is fully involved in the rise, were seeing capital rotation to sectors that were more vulnerable during the outbreak, said Bill Northey, senior investment director at U.S. bank wealth management. When the epidemic situation turns around, previously suppressed economic activities and overstocked demand will gradually return. Mike zigmont, head of trading and research at investment firm harvest volatility managers, said the stock markets performance this week and this month showed that market confidence continued to increase and that the market environment was favorable for risky assets.
European stocks and crude oil
The good news of the vaccine made investors ignore the recent deterioration of the epidemic and hope that the economy can accelerate its recovery next year. European stock markets closed higher on Friday for the fourth consecutive week. The pan European stoxx600 index closed up 0.4%, up 0.93% this week; Germanys DAX index closed up 49.1 points, or 0.4%, to 13335.7 points; the UK FTSE 100 index rose 4.7 points to 6367.6 points; Frances CAC40 index closed at 5598.2 points, up 0.6%.
Michael Baker, an analyst at ETX capital, commented that investors were no longer focused on short-term risks, but were betting on faster economic growth next year and market expectations of more government stimulus measures in the event of problems. The stoxx600 index has risen 40% since the fall triggered by the new coronavirus in March, and November is expected to record its best ever month, but gains were limited by an increase in infections in some European countries. On Friday, more than one million cases were confirmed in Germanys new crown, with a record number of one-day deaths. On crude oil, WTI crude oil futures fell 40 cents, or 0.9%, to close at $45.32/barrel. Brent crude oil futures rose 19 cents, or 0.4%, to $47.99 a barrel. The two oils were boosted by the news of the vaccine, rising about 7% each week. Source: Wang Xiaowu, editor in charge of Finance and Economics_ NF
Michael Baker, an analyst at ETX capital, commented that investors were no longer focused on short-term risks, but were betting on faster economic growth next year and market expectations of more government stimulus measures in the event of problems.
The stoxx600 index has risen 40% since the fall triggered by the new coronavirus in March, and November is expected to record its best ever month, but gains were limited by an increase in infections in some European countries. On Friday, more than one million cases were confirmed in Germanys new crown, with a record number of one-day deaths.