Financial markets cheered the clear emergence of Democrat Joe Biden as the next President of the United States amid relief that uncertainty hasn’t dragged on for weeks, despite some worries about Trump’s legal challenges.
Consistent messaging on keeping oil supplies under control and not getting involved in any price war is key. For traders, the critical price level is still the $40 mark, and only a break above this price level will open the door for further improvement.
Naeem Aslam, Chief Market Analyst, Avatrade
07 First 6G tech test
A satellite launch from China is expected to test the world’s first 6G communications technology. It will establish a transceiver link on the and carry out the “world’s first experiment of terahertz communication technology in space”.
“Financial institutions in the Asia Pacific region this year have been accelerating their efforts to develop and leverage next-gen technologies including artificial intelligence. An ongoing driver of this will remain forward-thinking central banks and regulators that are helping shape the future of how technology can best be used to improve financial markets"
David Becker, Head of Asia Pacific, Broadridge Financial Solutions