November 12, 2020 - Page 2 of 2 - Financial Occultist

China to be the world’s biggest aviation market

expects spending on purchases to total around $1.4tln
and China will need around $1.7yln worth of commercial services for its aircraft fleet over the next 20 years

If Boeing is right they could be in a precarious position if the trade war intensifies further and weighs on Chinese demand for their products.

China to be the world's biggest aviation market

US election – no sign of fraud in Georgia vote

12-Nov-20 05:08 am

Anirudh Sethi

Comments from the Secretary of State for Georgia Brad Raffensperger in an interview (CNN):

says there is no sign of widespread fraud in Georgia vote
believe ballots were counted accurately in Georgia

The state of Georgia was a key pick up for President-elect Biden’s win in the presidential election and, conversely, a surprising loss for Trump in his overall loss of the election. Georgia had not been won by a Democrat presidential candidate since Bill Clinton’s days.

Map via BBC:

Comments from the Secretary of State for Georgia Brad Raffensperger in an interview (CNN):

Saudi’s Salman says has, and is still, working to guarantee stability of oil supplies

12-Nov-20 05:04 am

Analysis

Anirudh Sethi

Saudi Arabia’s King Salman says Saudi has and is still working to guarantee stability of oil supplies to the world in a way that equally serves producers and consumers despite Covid-19 impact on global oil markets

says kingdom managed to minimise impact of covid-19 on economy and health sector – statement
says chairmanship of G20 in 2020’s exceptional circumstances is opportunity to lead efforts on fixing global economic system
says region facing several attempts from regional powers to spread extremist ideologies
stresses the danger of Iran’s regional project in supporting terrorism, extremism and sectarianism – statement

NASDAQ index rebounds 2% and closes near the highs

12-Nov-20 05:00 am

Anirudh Sethi

Dow industrial average closes lower for the 1st time this week

The NASDAQ index led the charge today the gain over 2%.

As it closes near session highs
NASDAQ snapped today slide
Dow industrial average snaps 2-day rise
NASDAQ closes higher for the 1st time in 3 days. The pair fell -1.53% on Monday, and -1.37% yesterday
S&P closed higher for the 2nd time in 3 days

The final numbers are showing:

S&P index +27.14 points or 0.77% at 3572.66
NASDAQ index closed up 232.57 points or 2.01% at 11786.43
Dow industrial average closed down 23.29 points or -0.08% at 29397.63.

In the European markets today, the major indices all close higher for the 3rd consecutive day. The gains were led by the Portuguese PSI 20 and the UK FTSE 100 (+1.35%).