Stock market rises slightly in hopes of approving AstraZeneca vaccine and expanding US cash payments [데일리 국제금융시장]

The stock market rose slightly as the UK government approved AstraZeneca’s new coronavirus infection (Corona 19) vaccine and the US Senate raised the likelihood of raising the per capita cash payment to $2,000.

According to CNBC, a US economic broadcaster on the 30th (local time), the Dow Jones Industrial Average of the New York Stock Exchange (NYSE) on this day closed at 3,409.56, up 73.89 points (0.24%) from the previous day. The Standard & Poor’s (S&P) 500 increased 5 points (0.13%) to 3,732.04, while the NASDAQ rose 19.78 points (0.15%) to 12,870.00.

The mayor noted that the British government urgently approved the AstraZeneca vaccine. Wall Street also weighed whether cash payments in the US Senate could go up to $2,000. Republican Senate Representative Mitch McConnell rejected the Democratic Party’s $2,000 increase the day before and suggested that the $2,000 increase and the abolition of Article 230 of the Communication Quality Act, a disclaimer of social network service (SNS) companies, should be handled together. It presented President Donald Trump’s proposal as it was. For now, the possibility is dominant that the Democratic Party will not agree to abolish Article 230. However, considering that President Trump signed the stimulus package and stated that Congress had promised two conditions and decided to abolish or radically reform Article 230 after reviewing the case of Article 230, the possibility of the Democratic Party’s political judgment would be completely excluded. I can’t.

The number of Corona 19 outbreaks continues to increase. The average number of new patients in the last 7 days amounted to 184,167 and at least 2,257 deaths.

International oil prices rose on the back of declining US crude oil stocks. West Texas crude oil (WTI) for delivery in February of next year on the New York Commercial Exchange (NYMEX) closed at $48.40, up 0.8% ($0.40) per barrel from the previous day. The February Brent crude on the London ICE Futures Exchange once traded at $51.39, up 0.6% ($0.30) per barrel. According to the American Petroleum Institute (API), US crude oil stocks fell 4.8 million barrels last week, exceeding market forecasts.

The price of gold was close to the $1,900 per ounce level thanks to the weak dollar due to expectations for additional stimulus. On this day, the New York Merchandise Exchange’s February deliveries closed at $1,893.40, up 0.6% (10.5 dollars) per ounce from the previous day.
/New York = Correspondent Kim Young-pil [email protected]

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