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The effect of American presidential change

2020-11-10

Biden, the Democratic Party of the United States, claimed to have won the election, but it was still not officially recognized. Trump, who failed to win re-election, still refused to admit defeat, and will start legal proceedings in several States to challenge the election results.

Giuliani, a private lawyer representing Trump and former mayor of new york, said that he plans to file up to ten lawsuits in several States. He said that there is strong evidence that at least three to four States are suspected of election fraud.

Giuliani said that he would first apply in Pennsylvania with 20 electoral votes, and claimed that there were more than 50 witnesses, and he was confident to reverse the election results. Although Trump intends to continue to challenge the election results by law,

However, there is little chance of turning over. His party friend, George Bush, a veteran leader of the Republican Party, also publicly congratulated Biden on his election and said that the fair results of the election were clear and represented the overall intention of the Republican Party.

It is only a matter of time before Biden gets the presidency.


If the results of the US election are getting clearer, and an obstacle has been removed on the investment road, the more important news can be said to be the removal of the mountain blocking the road ahead! New pneumonia is raging in the United States, with more than 100,000 new infections every day.

Exciting good news came from the market. Pfizer Pharmaceuticals of the United States and German Biotechnology made good progress in the vaccine root against novel coronavirus. According to Pfizer's announcement, the preliminary data from the third stage showed that,

The test results show that the vaccine is more than 90% effective. The representative of the company said that the present stage does not mean that the vaccine can be available in a short time, but the data will help to apply to the US Food and Drug Administration and use the vaccine in an emergency.


Affected by vaccine news, European and American stock markets and related pharmaceutical stocks rose sharply. Major European stock markets rose across the board, and the German DAX index rose by 5%; French CAC index rose by 7.6%; The FTSE 100 Index also rose 4.7%. New york stock market rose sharply at the beginning,

In the latter stage, they developed independently. The Dow Jones index, which represents traditional enterprises, performed best. It once rose more than 5%, and finally fell slightly, rising 3% to close; The Standard & Poor's 500 Index rose 1.2%; The Nasdaq index rose above the historical high of 12,105 points,

However, investors took profits and finally fell by 1.59%, ending the upward trend for five consecutive days. Yesterday, the price of gold plunged. Affected by the news of vaccine, it was caught off guard in Europe yesterday, dropping by 89 dollars.

It closed at $1,862 per ounce, the biggest one-day drop in seven and a half years. In November 2016, when the US president changed, gold also suffered a lot of selling, and it fell by $120 per ounce in one month. According to yesterday's gold price,

That is, $1963 and $1856 per ounce, the decline has reached $107, which shows that the situation was even more tragic yesterday!

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