PRECIOUS METALS-Gold Falls Again Before Biden’s New Stimulus Announcement


Stock markets rise with a view to stimulus, stable crude: Colombia Today

(Bloomberg) – S&P futures advance and Treasury yields rise after report that President-elect Joe Biden plans a stimulus package for the pandemic of about $ 2 trillion. The Bloomberg Dollar Index declines while the MSCI Emerging Markets Currency Index shows little change. Oil in New York remained stable, after cold temperatures and production cuts promised by Saudi Arabia helped push prices to a 10-month high. In Colombia, the Finance Ministry reported that the Nation received total orders for the new global bonds maturing in 2061 for about USD5,371 million, and where USD1,300 million were issued. Likewise, Colombia also replaced USD1,228 million of bonds in the short part of the curve in dollars – 2021, 2024 and 2027 – for securities maturing in 2031.The peso was unchanged during the day and closed on Wednesday at 3,476.94 per dollar Yesterday 15,898 new cases of coronavirus were reported and 342 deaths were registered, according to data from the Ministry of Health. With this, the number of total confirmed cases rose to 1,831,980 and the deaths reached 47,124.Colombia ranks eleventh in the world in total cases of contagion, surpassed by the US, India, Brazil, Russia, the United Kingdom, and France. , Turkey, Italy, Spain, and Germany, according to data from Johns Hopkins. In terms of deaths, the country also ranks eleventh. According to Bloomberg calculations: Cases + 0.9% vs + 0.9% moving average 7 days Deaths + 0.7% vs + 0.7% moving average 7 days Positivity tests 27.3% vs 28.2% moving average 7 days All events in local time INTERNATIONAL: The US House of Representatives approved, for the second time, an impeachment against Donald Trump with 232 votes in favor and 197 in Senate Republican Leader Mitch McConnell rejected a call to convene the House in an emergency session to start a trial before Joe Biden’s inauguration, and said he has not decided how he will vote when the time comes. Citing the possibility of more demonstrations, he urged “NO violence, NO law breaking and NO vandalism of any kind” President-elect Joe Biden will present tonight a covid-19 stimulus package that could reach USD2 billion plan will include direct payments of USD2,000, extends the unemployment benefits, and money for state and local government, according to Congressional officials While Biden has said he is seeking support from Republican lawmakers in passing the package, Democratic control of the three branches of the legislature means he does not require them to pass his laws. plans TO BE PENDING: In Colombia: No relevant macro data released this week Auctions Expansion operations include 1-year repo for COP1 trillion and 32-day repo for the same amount International: 8:30 am: US initial applications for unemployment benefits January 9; its T. 789,000, formerly 787,000 Fed Schedule: 9am: Rosengren (Boston) talks about the economy at 202111am: Bostic (Atlanta) talks about small business recovery 12:30 pm: Powell speaks at Princeton Economics event1: 00pm: Kaplan (Dallas) speaks at event at the University of Texas at AustinRelevant agendas: South AmericaUSA MexicoBrazilEuropeNEWS: Sales of speculative-grade debt pick up in Latin America The Haus points to growth in Latin America with venture capital funds COMMENT: Bancolombia comments that despite the fact that the Colombian economy continued with its gradual recovery driven by consumption, the loan portfolio is the leading indicator hit hardest by the pandemic “In December the consumer portfolio continued to fall towards a new low of the last decade, however, the slight recovery of the mortgage segments and trade allowed the total to stop falling, ”economists led by Juan Pablo Espinosa write in a report. The restrictions in the main cities of the country will affect the pace of recovery and will affect the leading indicators in the first quarter After the inflationary surprise in November, the possibility was opened that new cuts in the interest rate would be discussed, however with December data that surprised to the upside pressures towards lower interest rates would be mitigated in the short term For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source. © 2021 Bloomberg LP

the controversy over nitro additives turns red

The Government will extend one more week the restrictions due to the increase in cases of coronavirus