Skip to content Skip to footer

President Trump approves relief bill – 28th December

President Trump seemed to have been in the holiday spirit this past weekend, as he finally signed the pandemic relief bill.

The bill, which was approved by Congress last week, will see a package of $2.3 trillion made available to Americans who have been under economic strain, as a result of the COVID-19 pandemic.

Markets around the world rallied on the news, as the world’s largest economic superpower attempts to lead the way out of the global health crisis.

As of writing, the S&P 500 was up 0.87%, with the NASDAQ and Dow Jones up 0.88 % and 0.64% respectively.

More Vaccines set for approval

After being the first nation to approve the Pfizer Covid-19 vaccine, the United Kingdom is set to approve yet another vaccine this week.

This time it comes closer to home, with the UK government expected to approve the Oxford-AstraZeneca Covid-19 vaccine in the next few days.

This news comes as the UK reported close to over 30,000 infections of the coronavirus yesterday, as hospitals begin to see an increase in patients despite most of the country currently being under strict lockdown restrictions.

London’s FTSE 100 gained marginally on the news, after recently stuttering as many nations around the world closed their doors to travellers from the UK, due to a new faster spreading variant of the virus.

DAX up, as EU set for major deal with China

With Brexit out of the way, the European Union has wasted no time in trying to secure new trade deals with the rest of the world, starting with China.

News released today stated that China and the European Union are likely to finalise an investment deal shortly, that would give EU companies much better access to the Chinese market.

A source from the EU close to the matter stated that, “The deal might already be done this week. We get much better market access and the protection of our investments in China. Better market access is something we have been working for, for many years, and the Chinese have made quite a big step towards us”.

Germany’s DAX was up close to 1.49% on the day.

Quote of the day – “Novice Traders trade 5 to 10 times too big. They are taking 5 to 10 percent risk, on a trade they should be taking 1 to 2 percent risk on.”

Bruce Kovner

To stay up to date with the markets we encourage traders to view our Trade Gate Hub for more real time insights into Crude, Gold and many other markets.

Tradeview Ltd. is not a portfolio manager or an investment advisor. This Market Report is for informational purposes only. Any statements made or opinions voiced in this Market Report do not constitute investment advice. The Tradeview Ltd. Market Report does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the Market Report comes from trusted sources, Tradeview Ltd. is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Tradeview Ltd. shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Tradeview Ltd. Market Report. Trading any financial instrument on margin, using leverage or otherwise involves considerable risk. Therefore, before deciding to participate in any style of trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney, accountant or other professional upon whom you rely for guidance as to the appropriateness of an investment in any style of trading is recommended.

Tradeview Ltd.

Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.
Headquarters: 5th Floor Anderson Square, 64 Shedden Road, Georgetown, Grand Cayman, Cayman Islands KY1-1002, BWI.

Tradeview Asia Ltd.

Is licensed and regulated by the Labuan Financial Services Authority (FSA) as a Money Broker, registration number LL15870 licensed to facilitate transactions in foreign exchange pursuant to Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990.
Headquarters: International Business Financial Centre at Office 5, Jamie Business Center I, Unit F10, First Floor, Paragon Labuan, Jalan Mustapha, 87000 Labuan F.T.

Tradeview Europe Ltd.

Is licensed as a Category 2 Investment Service Company and is regulated by the Malta Financial Services Authority (MFSA). The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. MFSA is a fully autonomous public institution and reports to Parliament on an annual basis. The MFSA is a member of the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO) and is a signatory of the Multilateral Memorandum of Understanding with other European regulatory Institutions. Tradeview is authorized to provide financial services across multiple asset classes and is passported in the EU/EEA under MiFID II (EU Markets in Financial Instruments Directive).
Headquarters: 157 Archbishops Street, Valletta VLT Malta 1440.

Tradeview Financial Markets S.A.C Global

Is authorized to conduct business pursuant to and in compliance with the General Law of Companies (LGS) promulgated by the government of Peru. Tradeview Financial Markets S.A.C is registered with the National Superintendence of Public Registries (SUNARP), company number 13089531. Tradeview Financial Markets S.A.C provides financial services in selected OTC derivative markets in compliance with all applicable government regulations.
Headquarters: Los Mirtos 239 Urb. San Eugenio, Lince, Lima, Perú.