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Markets cheer a Biden victory; What next?

November 30, 2020

Stocks and oil prices cheered the confirmation of Joe Biden’s victory which means a more generous stimulus package to be deployed as soon as possible. The recent rally also supported by more upbeat news on the coronavirus vaccine. Meanwhile, Donald Trump rejected the outcome of the U.S. election, mounting legal action against vote-counting in states where he lost.
Few notable financial market movements after the US election outcome:
Markets cheer a Biden victory; What next?

Dow Jones futures hit 30k

US stock indices climbed to the highest levels in eight months after Joe Biden's victory in the US presidential race. The news reports about progress in the development of a vaccine for COVID-19 also supported the bullish move. The stocks also gained on hopes that Republicans likely to retain the Senate, which won’t allow Joe Biden to initiate major changes, such as tax increases that may negatively impact corporate profits.

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Gold initially rose but later shift into reverse gear

Gold prices initially bounced higher after the election outcome amid hopes for a large fiscal stimulus package while the price retreated back to below $1900 after upbeat vaccine news dented the safe-haven the appeal of the precious metal. The precious metal posted the biggest daily decline in over seven years on Monday, November 09 following the optimistic news from Pfizer and BioNtech.

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Oil prices gained for a three week in a row

Crude oil prices enjoyed a three consecutive week rally following Biden’s victory in the hopes that he will soon announce a large fiscal stimulus package that could support demand for oil. Considering the recent bullish move the oil investors will closely monitor his future actions as he aims to tackle climate change and support renewable energy development.

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US dollar struggling to find an upside momentum

US dollar remains under pressure amid hopes for a large fiscal stimulus package to prop up the US economy after Joe Biden’s victory. On the other hand, the Asian currencies extend gains against the US dollar as the Democrat Biden coming to power in hopes that Trump’s tariff war against China could be called off.

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Certain advantages of Biden presidency what peoples are anticipating.

Lowered trade tensions
Larger coronavirus relief package
Medical expansion

In coming days, the investors will closely monitor the implications of Biden’s leadership on U.S. foreign policy and the stance toward China and the key oil producers Iran and Venezuela.

On the coronavirus front, the number of COVID cases continues to accelerate in the US but Joe Biden and his team have already started working on tackling the ongoing crisis in the country. He has already set up a twelve-member coronavirus taskforce populated by experts in complementary fields.

On the other part, as we know there’s already good preliminary news about an effective vaccine including Pfizer and Moderna. But the big question is how the Biden government is going to handle the vaccine distribution especially reaching rural populations and those without regular access to health care will be difficult.

Tencent: Dominating China’s Digital World

June 15, 2022

When exploring the social media spectrum for the first time, you are likely to register on Facebook, joining the 2.9 billion monthly active users of world’s most popular social media platform. Following The Big F in global recognition is video giant YouTube, messaging behemoth WhatsApp and trend-setting Instagram. It’s American social media platforms which dominate the globe, but tagging on to their tails are those of the Chinese.

Meta: Will the Future-oriented Tech Leader Bounce Back?

May 16, 2022

There once was a website for Harvard University students named Facemash, where users can decide which person is the more attractive out of two based on their pictures. This website expanded to other universities, and defying all the odds, added features over the years including the ability to share content, comment, play games and much more.

Alphabet: The Technology & Social Media Chief

April 13, 2022

When you think about social media, Google or Alphabet may not be the first name that pops up. One would most likely envision the popularity of Facebook, Instagram, and maybe Tik Tok. It’s safe to mention that Meta’s Facebook is the world’s most popular social media platform, with over 2.9 billion active users. In second place, Alphabet’s YouTube. Alphabet is comfortably the largest company in the world which owns/operates social media networks, applications or platforms, with a market capitalization of $1.766 trillion.

Major Players in the Market of 4.5 billion Customers

March 10, 2022

According to the Global TOP 5 Social Media Companies, Alphabet is the leading world’s company providing social media. The founder of Google and owner of YouTube is followed by Meta Platforms and Tencent Holdings. Gulf Brokers Ltd. created the list of the largest corporations operating the social media networks according to their market capitalization. In its study (February 2022) Gulf Brokers has been looking into how the networks of TOP 5 are currently doing and, also, who are the competitors have the potential to change the game in the future.