Trump presidency ends in chaos

What was feared just after the presidential election actually happened yesterday: Trump supporters invaded the Capitol to prevent Joe Biden’s victory from being certified by the Congress. The process was eventually only delayed for a few hours and moreover, Mr. Biden can now count on Senate support after the two remaining seats went to Democratic candidates. Despite the scenes of insurrection in Washington, financial markets welcomed prospects of stronger budgetary stimulus and growth, except the Nasdaq, as tech giants can fear stricter regulation. The USD touched new lows against the euro (1.2349).

Share this news :

You might also read :

ES-oil
January 15, 2021

All eyes on China

Brent prompt future prices retreated further at 55.7 $/b as growing concerns about the Chinese health situation raised concerns about Chinese oil demand prospects. President Biden unveiled…
ES-economy
February 12, 2021

Dead calm

The situation has not changed much on financial markets that remain calm. Stocks are trading sideways, bond yields and the USD remain rather stable. The…
ES-power
April 7, 2022

EUAs faded on UK auction

The European power spot prices continued to fade amid easing clean gas costs, surging wind output, and improving Belgian nuclear availability. The day-ahead prices averaged…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet? 

[booked-calendar]