• DAILY UPDATES
  • MARKETS
    • Forex
    • CFDs
    • Spot Metals
    • Indices
  • ANALYSIS
    • Fundamental Analysis
    • Technical Analysis
  • ARTICLES
No Result
View All Result
FTD Limited
  • DAILY UPDATES
  • MARKETS
    • Forex
    • CFDs
    • Spot Metals
    • Indices
  • ANALYSIS
    • Fundamental Analysis
    • Technical Analysis
  • ARTICLES
No Result
View All Result
FTD Limited
No Result
View All Result

Friday, November 20, 2020 Headlines

FTD Limited by FTD Limited
November 20, 2020
Reading Time: 5 mins read
A A
China launches antitrust Investigation against Alibaba; Trump vetoed US military budget draft; Another new Covid-19 strain identified in the UK
0
SHARES
73
VIEWS
tweetpostshare
  1. Tensions arise between the White House and the Fed
  2. Brexit negotiations between the UK and EU got suspended
  3. Pfizer and BioNTech vaccine price has been announced
The White House asked the FED to return unused contingency funds.

Tensions Arise Between the White House and the FED

US Treasury Secretary Steven Mnuchin asked the Fed to return unused contingency funds. The Fed, which refused to accept the request, made a statement that “the nature of emergency opportunities must continue to be the basis of the economy”. Mnuchin asked the Fed by sending a letter. In the letter, Mnuchin, who wanted the Fed’s four emergency lending programs to be extended by 90 days, demanded that other programs expire on December 31 and that $455 billion of funds to be returned to the Treasury for use by the US Congress in other areas.

In order to combat the economic effects of the pandemic, the CB managers stated that financial support should also increase, while there was an ’emergency fund’ tension between the Treasury Department and the Fed in the USA.

Mnuchin recalled that all programs signed by Donald Trump and initiated under the Coronavirus Aid, Support and Economic Security Act (CARES) will expire at the end of the year.

In a statement made by the US Central Bank, which did not accept the request, it was stated that “The Fed prefers the emergency facilities created during the coronavirus pandemic to continue its important role to be a basis for the still damaged and fragile economy”.

Mnuchin recalled that all programs signed by US President Donald Trump and initiated under the Coronavirus Aid, Support and Economic Security Act (CARES) will expire at the end of the year.

Brexit Negotiations Suspended due to the Detection of Covid-19 in a Negotiator.
Brexit Negotiations Suspended due to the Detection of Covid-19 in a Negotiator.

Brexit Negotiations Between the UK and EU Got Suspended

The face-to-face Brexit talks between the European Union (EU) and the UK were suspended due to the detection of Covid-19 in a negotiator. Talks are expected to continue from afar.

EU Brexit Negotiator Michel Barnier shared on his Twitter account:  “One of the negotiators in my team had a positive Covid-19 test. We decided to suspend negotiations at our level with Britain’s Brexit Negotiator David Frost for a short time.”

“I am in close contact with Michel Barnier about the situation. The priority is the health of our teams. Thank you to the EU Commission for their emergency assistance and support,” Frost said on his social media account.

Authorities announced that they will continue to work remotely for the EU-UK trade agreement, which will take effect within six weeks.

In addition, the British government spokesman said, “Direct talks will continue when it is decided to be safe.”

Brexit process till now:

In the UK, which consists of England, Wales, Northern Ireland and Scotland, the Brexit decision was taken with 52 percent against 48 percent in the EU referendum held in June 2016.

Britain, which officially left the EU on January 31st, is holding extensive negotiations with the Union on bilateral relations, especially on trade.

In the negotiations between the EU and the UK, “ensuring fair competition”, “how to resolve commercial disputes” and “fishing” are problematic issues.

If an agreement cannot be reached, the commercial relations between the two parties will be made according to the World Trade Organization (WTO) rules after December 31.

Throughout the transition period to this date, the UK continues to follow to EU rules.

Pfizer and BioNTech released their vaccine prices.
Pfizer and BioNTech Released Their Vaccine Prices.

Pfizer and BioNTech Vaccine Price Has Been Announced

EU agreed to pay 15.5 euros ($ 18.34) per dose for Pfizer and BioNTech vaccine

The European Union can pay more than $ 10 billion for the Pfizer-BioNTech and CureVac vaccines.

The EU agreed to pay 15.5 euros ($ 18.34) per dose for the Pfizer and BioNTech vaccine. These prices mean 3.1 billion euros will be paid for 200 million doses under the agreement.

When an additional 100 million doses are ordered under the agreement, the total amount to be paid can reach 4.65 billion euros.

The price may be cheaper than the price the US would pay for the first doses, according to Reuters. The official said the EU has agreed to pay 10 euros ($ 11.84) per dose for 225 million doses of Curevac vaccine. The company had set the price of the vaccine at 12 euros.

It was announced that Pfizer / BioNTech’s vaccine provided more than 95 percent protection in the results of the third stage clinical trials.

WHO: Extremely difficult 6 months awaits Europe

According to the news, World Health Organization (WHO) Europe Director Hans Kluge announced that more than 29 thousand people died in Europe in the last week due to coronavirus.

Kluge added that the number of new cases started to decrease with the strict measures and curfews.

Dr. Kluge said that 28 percent of the worldwide number of cases and 26 percent of the casualties are in Europe.

Learn more about us
Tags: BiontechBrexit negotiationscontingency fundscovid vaccineDavid FrostEUFEDMichael BarnierPfizerthe white houseUK
TweetShareShareSend
Previous Post

USDTRY Technicals After CBRT Rate Hike

Next Post

ETFs Sold Gold Holdings for Six Days Straight

Related Posts

Silver’s Momentum Eases as Sell Signals Accumulate
ANALYSIS

Silver’s Momentum Eases as Sell Signals Accumulate

Inflation in Tokyo is at its highest in 40 years
DAILY UPDATES

Inflation Slowed in Japan

Asian stocks fell
DAILY UPDATES

Asian Stocks Fall After Fed

Fed's biggest interest rate hike expected
DAILY UPDATES

Fed Raises Interest Rates in Line With Expectations, Signaling a Continuation of Increases

Big Interest Rate Hike Expected in the UK
DAILY UPDATES

UK Inflation Hit Double Digits by Surprise

Important statements from ECB President Christine Lagarde
DAILY UPDATES

Lagarde: Eurozone Banking Sector is Resilient

Next Post
Trump's Defense Veto; Ant Group; UK's free trade deal with Turkey

ETFs Sold Gold Holdings for Six Days Straight

You might also like

CFDs vs Futures: Understanding the Key Differences to Make Informed Trading Decisions

CFDs vs Futures: Understanding the Key Differences to Make Informed Trading Decisions

trading strategy

7 Steps to Create a Successful Trading Strategy

algorithmic trading

A guide to creating a successful algorithmic trading strategy

Algorithmic trading in forex, cfds and indices

Basics of Algorithmic Trading: Concepts and Strategies

FTD Limited offers Introducing Brokers Program

How to become an introducing broker? Learn easy in 4 steps

Psychology of trading plays a vital role in one's trading decisions

Trading Psychology: How to Build a Successful Trading Mind

Recent Posts

  • Silver’s Momentum Eases as Sell Signals Accumulate
  • CFDs vs Futures: Understanding the Key Differences to Make Informed Trading Decisions
  • Core Inflation Increased Downward Potential of USDJPY
  • Inflation Slowed in Japan
  • Federal Reserve Takes Action to Address Banking Sector Issues and Inflation
FTD Limited

The content of the site is presented for informational purposes only not to give any investment advice which mainly focuses on financial instruments such as Forex, Spot Metals, CFDs, and Indices.

MENU

  • DAILY UPDATES
  • MARKETS
  • ANALYSIS
  • ARTICLES

Latest Articles

  • Silver’s Momentum Eases as Sell Signals Accumulate
  • CFDs vs Futures: Understanding the Key Differences to Make Informed Trading Decisions
  • Core Inflation Increased Downward Potential of USDJPY

Subscribe to our newsletter and get notified about the next update.

    © 2021 FTD Limited

    FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.

    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

    No Result
    View All Result
    • DAILY UPDATES
    • MARKETS
      • Forex
      • CFDs
      • Spot Metals
      • Indices
    • ANALYSIS
      • Fundamental Analysis
      • Technical Analysis
    • ARTICLES

    © 2021 FTD Limited

    FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.

    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.