President trump signed an aid package that will support the markets this week

2020-12-28 12:02:03
Machine translation
President trump signed an aid package that will support the markets this week

U.S. President J. trump has signed a budget for the 2021 financial year (until 30 September 2021г), which provides for the allocation of population and economy in emergency funds to fight the pandemic in the amount of $ 900 billion, although previously he had refused to sign it because considered too low payment of $ 600 per person and demanded to raise it to $ 2000, - have informed in a press-service of the White house.

 

meanwhile, the Republicans refused to raise the amount of payments to the Americans, while Democrats supported the idea of trump about increasing it to $2000.

 

the Financial markets for half the year expect the adoption of this law, since income is such a significant means of intensifying trade and consumer markets and the company will receive additional funds and revenues.

 

the Increase in the money supply will continue to lower the rate of the U.S. dollar relative to other currencies and accelerate food inflation. After the first aid package in the spring with a volume of $ 2 trillion stock indexes in the U.S. reached record highs, while prices for grains and oilseeds increased by 15-35%.

 

During the year by the American stock exchange soybean futures increased by 35% to 466 $/t, for corn – by 15% to USD 178,5 $/ton, wheat by 12% to 230 $/t. On the physical market, prices rose even more thanks to strong demand from China, despite the increase in world production of these crops to record levels.

 

Infusion of funds into the US economy amid vaccination will contribute to the restoration of business activity that will lead to a rise in grain prices in the second half 2020/21 MG.

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