SANAM SAMADANI JULIETA VEGA - Webflow

LOURENÇO CARDOSO     ANDRÉS DAMIÁN       SANAM SAMADANI         JULIETA VEGA
    BSc in Finance    BSc in Economics    MSc in Monetary and   BSc in Economics
                                          Financial Economics

Big Tech Suspends Donald Trump’s                                 Gold drops as Traders Weigh
            Accounts                                             Dollar Rise Against Stimulus
Twitter and Facebook have suspended the President of         Bullion faces increased pricing pressure as the dollar
the USA from posting on their social media platforms.        headed for a third straight gain and Treasury yields
Apple, Google and Amazon have removed Parler, a              rose. After posting its biggest annual gain in a decade,
popular social messaging app among Trump                     bullion has endured a turbulent start to 2021.
supporters, from their app stores and web hosting            According to an analyst at Commerzbank AG, “The
services and Shopify removed retail websites                 increase in long-term yields is also likely to prove
associated with Trump. The decision was made based           temporary”. “Real interest rates are still negative in
on fears that the President’s messages would incite          the U.S. because of the increased inflation
violence and riots after protesters stormed Capitol Hill.    expectations, and this is likely to remain the case for
                                                             the foreseeable future. We therefore expect the gold
                                                             price to begin climbing again before long.”
UK Imposes a National Lockdown
Boris Johnson announced on the 6th of January a new
national lockdown due to concerns about the U.K’s
                                                             European earnings seen down 26%
health system becoming ‘overwhelmed’ in less than a                in fourth quarter
month. It is the 3rd lockdown since the start of the         European companies are expected to report a 26.3%
pandemic in March 2020 and is expected to last at least      drop in fourth quarter earnings, according to Refinitiv
until the middle of Febuary. Johnson said that if things     I/B/E/S data, as new lockdown measures to fight a
go to plan, the top 4 priority groups should get the first   second COVID-19 wave slow down the region’s
dose of vaccination by the middle of Febuary.                economic recovery. The estimates, which relate to
                                                             companies listed on the STOXX 600 equity
   Morgan Stanley increases its                              benchmark, come ahead of a clear improvement
                                                             predicted for the first two quarters of 2021 when
  participation in MicroStrategy
                                                             earnings are set to rise 40.4% and 75.1%, respectively.
Morgan       Stanley's    investment       management
department increased its stake in the Bitcoin vehicle
'MicroStrategy Inc.’ to more than 10% at the end of last
year. At the end of December, the banking unit owned
                                                             Elon Musk has become the world’s
792,627 shares of MicroStrategy, holding a 10.9% stake         richest person, as Tesla’s stock
worth approximately $420 million at the day's closing                      rallies
price. They've increased their position by 455%, adding      An increase in Tesla’s share price pushed Musk past
almost 650,000 shares since Q3 2020. As of December          Jeff Bezos, the founder of Amazon, to richest man in
21, 2020, MicroStrategy holds an aggregate of                the world. Musk’s net worth was $195 billion by the
approximately 70,470 bitcoins.                               end of trading on January 7th, $10 billion more than
                                                             that of Bezos’s. Musk’s wealth has increased by more
  Biden demands new aid to fight                             than $150 billion over the past 12 months, thanks to a
          COVID-19 crisis                                    rally in Tesla’s share price, which surged 743% in
President-elect Joe Biden called for trillions of dollars    2020.
in immediate fiscal support, including increased direct
payments, stemming from the rise in coronavirus
cases. President Donald Trump signed a $900 billion
relief bill last month, which included supplemental
unemployment benefits extended to mid-March; “Last
month's aid bill was just a "down payment" on what is
needed, if we don’t act now, things are going to get
much worse and harder to get out of a hole later”,
Biden noted.

  Bitcoin hits fresh record high
  near $42,000, climbing 40% so far
              this year
The world’s most valuable cryptocurrency traded as
high as $41,973. It’s since fallen back below the $41,000
mark. Bitcoin has extended its 2020 rally, which saw it
skyrocket over 300%, into the new year.. Strategists at
JPMorgan recently said that bitcoin could hit $146,000
in the long term, as it competes with gold as an
“alternative” currency.

SOURCES
https://finance.yahoo.com/news/morgan-stanley-unit-boosts-stake-005435768.html.
https://finance.yahoo.com/news/asian-stocks-u-gains-dollar-230537094.html.
https://www.cnbc.com/2021/01/04/british-prime-boris-johnson-imposes-national-lockdown-for-england-to-combat-new-covid-variant.html
https://www.reuters.com/article/us-europe-results-stoxx/european-inc-earnings-seen-down-26-in-fourth-quarter-idUSKBN29H1UW
https://au.finance.yahoo.com/finance/news/gold-extends-biggest-loss-two-011345588.html
https://www.cnbc.com/2021/01/08/bitcoin-btc-price-hits-41k-up-40percent-so-far-in-2021.html
https://www.nytimes.com/2021/01/07/business/elon-musk-worlds-richest.html?fbclid=IwAR0_RPUU1mZNxJSVPXooXK61XDC6WqrRAEozChkRMi0Dx50iCL-81x9j7gE

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