The global market was light, with the minutes of the Federal Reserve meeting this week, the presidential nomination meeting, and a new round of US stimulus plan and other major events, uncertainty limited sentiment. The US dollar was under pressure near the 93 level, while the spot gold continued its rebound momentum since last week, reaching a maximum of 1956.95 US dollars per ounce. < / P > < p > local time Monday, the US political arena will usher in a big event – the four-day US National Congress begins; on August 24, the same four-day Republican National Congress will officially be held. According to the poll, Biden supported 50% of Trump’s 41% by
. However, the report believes that the final decision may be whether the two parties can improve their voter turnout. In view of the fact that more people are unable or unwilling to vote at polling stations due to the epidemic situation, it has become the focus of the two parties to attack and defend in the near future who can take advantage of the postal voting. According to the Pew Research Center poll, despite the severe epidemic situation, 80% of the voters who support trump tend to vote at polling stations, while nearly 60% of those who support Biden prefer to vote by mail. Trump recently used every opportunity and occasion to accuse mail in voting of fraud and other problems, and even said that he would not approve more money to USPS because it would be used to “cheat” votes. < / P > < p > this week, the US political arena will usher in a big event once every four years – the US National Congress will officially start on August 17, local time for four days; then the Republican National Congress will also be held on the 24th local time for the same period of four days. < / P > < p > in response, the BBC described that “colorful balloons and ribbons were flying all over the sky, and the people most enthusiastic about the US election gathered, dressed up, waving campaign slogans and shouting the names of the presidential candidates they supported. This is the grand occasion of the US presidential election and the Republican National Congress every four years. ”
however, because novel coronavirus pneumonia causes, BBC said, “these scenes will not appear this year.” Because both parties in the United States have decided not to hold an event at a certain venue, the US National Congress, which is mainly remote connection days, will take the lead in Milwaukee, Wisconsin, which is located in the central swing state. The most important agenda of the Party Congress is to nominate the party’s presidential and vice presidential candidates. The meeting means that the party’s primary election has officially come to an end and the two parties have entered the stage of the general election. During the National Congress, starting from August 17, U.S. President trump will deliver campaign speeches in Wisconsin and Minnesota to restart his campaign. On August 18, trump will travel to Arizona on air force one to deliver a speech on line day in Scranton, Pennsylvania, where Biden was born. The trump campaign said the theme of his speech this week will “highlight the failure of presidential candidate Biden.”. < p > < p > for the US and Republican Party’s Congress, the BBC said that it was the first time for both parties to hold a remote video Party Congress. We should be more alert to the development of the epidemic situation and began to prepare for this form of Party Congress earlier. However, the Republican Party has the advantage of backwardness. We can refer to the success of the Party Congress and avoid repeating the same mistakes. The impact of < / P > < p > on the market, it is reported that Wall Street experts believe that investors may take the opportunity to adjust their portfolios to prepare for the US presidential election. Novel coronavirus pneumonia and the US fiscal push are leading the market situation even though the market may not reflect the relevant situation in the US election. However, market conditions in the coming weeks are likely to focus more on the election. According to Lamar villere, a fund manager at Ville & Co., the election effect will become stronger and stronger as the Republican and Democratic candidates are recommended respectively in November. He disclosed that his company expected market conditions to fluctuate significantly in the next few weeks, so he prepared to sell shares, retain up to 20% of cash, and then wait for the election to change before readjusting the portfolio. Michael Novogratz, the US billionaire and founder and CEO of Galaxy digital capital management, believes that if Biden is elected president of the United States, the continued rise in the US stock market may come to an end. If people gain control in November, Wall Street will face higher corporate and capital gains taxes, as well as higher taxes on the rich, he said. < / P > < p > Novogratz said: “like bitcoin in 2017, everything has become a speculative frenzy. These crazy bubbles usually end with policy responses. “Usually because of the action of the Federal Reserve, but raising taxes may end the bubble. I mean David kostin, chief U.S. equity strategist < / P > < p > raised the S & P 500 target from 3000 to 3600. Kostin said the increase was due to the positive news from the vaccine that made Goldman’s forecast of U.S. economic growth higher than the market generally expected. “Looking to the future, the decline in equity risk premium will outweigh the impact of higher bond yields, and our earnings per share forecast is higher than market consensus expectations, so we have raised the target for the S & P 500 index to 3600 at the end of the year,” kostin said < / P > < p > some investors believe that the performance of US stocks in the coming months may reflect which candidate wins. Dow securities index, according to data since 1930, when the current president is re elected, the main stock index will rise three months before the election, while no current president can be re elected during the recession. < / P > < p > rose 2% before the plate, according to news that it will take Intel’s GPU OEM order next year with 6nm process. The German biopharmaceutical company cureva C rose 59.21% in the previous session, and closed up nearly 250% in the previous trading day. < / P > < p > and Betta will form special committees to study Tencent’s (merger) proposal. Jingdong rose by more than 4% before trading, and its net profit in the second quarter was significantly higher than expected. < / P > < p > increased by 2.3% before trading, and the revenue in the second quarter increased by 21.6% year-on-year. Fintech rose 12.6% ahead of the day as the company announced it would move into Challenger banking and payments.