Trump gone - but what I find amazing is that his approval rate is still 35%!!! That´s crazy and does not augur very well for things to come in the US! But markets are greeting Biden in a positive spirit, thanks mainly to his proposed spending program. I guess we all know, that markets will see some challenges from a demo
Metals are looking stronger again today - except for nickel, which is down 0,5% but still holding 18.000!
Gold is having a relative volatile day, touching 1857 US$ earlier on, coming down to 1835 and now trading at just under 1850 again…
Brent oil at 56,30 US$ is touching recent highs…before corona hit, it was around 60 US$ - we are nearly there again! Perhaps a good idea to buy some blue chip oil stocks? BP or Royal Dutch for example used to trade about 50% higehr than today in those days! But dividends certainly have been severely cut since then as well…
Not really much to report today from the micro side…I think many Australians are still on holidays. Next week, the Quarterly Reporting season will be in full swing - I guess most people will be back by then.
Have a nice evening
WS