The trade deal between the UK and the EU | 01 January 2021

The trade deal between the UK and the EU


#SP500:


U.S. President Donald Trump's threat not to sign a $2.3 trillion spending package approved by Congress has already shuttered an emergency unemployment aid program and threatens a partial federal government shutdown on this week. The bill provides $892 billion in Covid-19 relief and $1.4 trillion to keep regular government operations running through the fiscal year. Without Trump's signature, Congress would need to pass a stopgap funding bill that he is willing to sign to keep federal agencies fully operating. All of the relief programs are at risk unless an agreement can be reached.


Trading recommendation: Sell 3750 and take profit 3715.


The trade deal between the UK and the EU


#ESTX50:


Europe launched a mass COVID-19 vaccination drive on Sunday with pensioners and medics lining up to get the first shots. The European Union is due to receive 12.5 million doses by the end of the year, enough to vaccinate 6.25 million people based on the two-dose regimen. British fishermen said that Prime Minister Boris Johnson had sold out fish stocks to the European Union with a Brexit trade deal that gives EU boats significant access to the United Kingdom's rich fishing waters. The National Federation of Fishermen's Organisations said the fishing industry had been sacrificed by Johnson. For example, it said, the UK’s share of Celtic Sea haddock will increase to 20% from 10%, leaving 80% in the hands of EU fleets for a further five years. This is a positive signal for the European stock market.


Trading recommendation: Buy 3545 and take profit 3585.


The trade deal between the UK and the EU


#MasterCard:


U.S. retail sales rose 3% during this year's expanded holiday shopping season from Oct. 11 to Dec. 24, a report by Mastercard. U.S. ecommerce sales jumped 49% in this year's holiday shopping season. The holiday shopping season can account for the majority of certain retailers' annual sales, but the health crisis meant several retailers faced with capacity constraints in certain stores, rolled out their holiday promotions early. The increase in consumer spending will have a positive impact on financial results Mastercard.


Trading recommendation: Buy 330 and take profit 335.

 

David Johnson
Analyst of «FreshForex» company
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