China’s three major stock indexes fell on November 30
On the last trading day of November, the three major U.S. stock indexes closed lower, with the Dow and the S & P 500 down 0.91% and 0.46% respectively, while the NASDAQ closed down slightly by 0.06%.
Us: Biden plans to nominate former Federal Reserve Chairman Yellen as Treasury Secretary
Earlier on Monday, U.S. President elect Joe Biden proposed to nominate former Fed chairman Yellen as U.S. Treasury secretary. As the market has digested the news ahead of time, after the confirmation of Yellen’s nomination, the US stock market went into a sell-off market. The Dow fell more than 300 points within an hour of the opening, and the originally high opening NASDAQ also changed from up to down.
The U.S. stock market recorded its best monthly performance since 1987
Driven by a series of good news about the new vaccine, the S & P 500 index rose by more than 10% in November, while the Dow rose by 11.8%, the largest monthly increase since 1987. Market analysis believes that in this case, some investors choose to readjust their portfolio at the end of the month or leave the market with profits, which makes us stocks fall from their historical highs.
Manufacturing activity slowed down in the Midwest and Texas in November
On the data side, manufacturing activities in the Midwest and Texas slowed down in November. Analysis shows that the second wave of the new epidemic has depressed production activities, and the number of new orders has also decreased. The data supports expectations of a sharp slowdown in U.S. economic growth in the fourth quarter.
$44 billion! This year’s largest enterprise acquisition
At the corporate level, the share price of financial information company Exin Huamai jumped 7.4% on Monday, the largest increase in the S & P 500 index. Before the data provided, trademark & amp; P global agreed to buy Exin Huamai for $44 billion, which may become the largest corporate acquisition in 2020. S & P Global’s share price rose 3% on Monday.
The prospect of trade talks between Britain and Europe is not clear. Brexit without an agreement may be detrimental to both sides
All three European stock markets closed down on Monday, with London and Paris down 1.59% and 1.42% respectively, and Frankfurt, Germany, down 0.33%. At present, investors have turned their attention to the trade negotiations between the UK and the EU. Considering that the transition period for brexit is only more than one month, the two sides still have great differences on issues such as fisheries, which has aroused market concern. If the two sides fail to reach an agreement, they will return to the framework of the world trade organization to carry out trade. The analysis points out that this situation will lead to a “double loss” situation, which is expected to have an adverse impact on the capital market.
No result of OPEC + meeting, investors give up crude oil to avoid risk
Crude oil prices fell on Monday, with us WTI light crude oil futures closing at $45.34 per barrel and Brent crude oil futures closing at $47.59 per barrel. It is reported that OPEC and relevant oil producing countries did not reach an agreement on the extension of production reduction agreement on Monday, and the parties will further discuss on Tuesday, before investors chose to give up crude oil to avoid risks.
Weak demand for safe haven in the market
Gold prices fell on Monday, with gold futures for February 2021 closing at $1780.90 an ounce. Gold prices fell about 5.3% in November, with analysts pointing to weak demand for safe havens as investors expected the new crown vaccine to help the economy recover.
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Reprint indicated source：Spark Global Limited information