World is undergoing an unprecedented shock. Pandemic has already claimed more than 1.76 million lives and resulted in the loss of tens of millions of jobs. The situation has so far returned to normal only in China and in some countries of Southeast Asia. Mass vaccination has officially begun in the ...

Let's start with the most significant event: USA The leaders of the US Congress nevertheless decided that «better a lean peace than a fat victory» and formalized a compromise on a stimulus package ($900 billion) aimed at eliminating the consequences of the pandemic. Mutual claims were overcom...

Europe The ECB decided to increase the size of the PEPP program by €500 billion (to €1.85 trillion) and extended its validity until March 2022, and reinvestment until the end of 2023. In addition, the terms of lending on TLTRO have become more loyal, the number of auctions and PELTRO operations...

The November report on the US labour market came out worse than forecast (confirmed the baseline scenario), although the drop in unemployment levels partially offset the negative. In terms of the upcoming Fed decision, this report is not bad enough to increase and not good enough to reduce the size ...

Biden's victory spurred the growth of commodity and export-oriented currencies against the dollar, as the financial and political world hopes for an end to the trade wars. However, Trump still has time before the end of his term, and his administration will have time to implement several decisions t...

USA Time for Trump's psychosis and cheating to refute the election results is coming to an end we are waiting for Joe Biden's formal statement about moving to White House. Donnie disagrees with the failure of the election, but his ambitions are grandiose. Trump intends to fight for a Republican...

The much-touted high potency of the vaccine from Pfizer and BioNTech has had more positive impacts on the markets than one might imagine, but being overly optimistic today could be a big failure tomorrow. If further trials of the vaccine show weaker results and/or difficulties arise in its productio...

Trump lost the battle for a second term, but this is his fault. Even if we take into account that the average American voter is indifferent to foreign policy and almost does not notice economic reforms, the country did not forgive the president for the failure of the fight against the coronavirus (2...

From the events of the past week, we note: ECB & Euro The policy remains unchanged, but public documents indicate the possibility of adjusting monetary stimulus at the December meeting after the formulation of new forecasts and a reassessment of the risk balance for the outlook. Lady Christin...

A «soap opera» is underway to reach an agreement on a fiscal stimulus package involving the Trump administration and Democrats. Promises of a compromise have supported the US stock market for quite some time, which was beneficial to Trump. However, Speaker Pelosi's statement about the lack of full a...