【TOP 1 Evening】 Stock market continues to rise with optimism, Tesla stock price may reach $600. Oil price rose 7.5% last week. Analysis: Before the OPEC meeting, oil prices have already reflected news of production cuts and will not rise sharply
Risk sentiment boosted, the US dollar index fell 0.7%, and the gold price fell 4.4%; OPEC+ may postpone next year's production increase plan, coupled with the bullish vaccine, the market is optimistic about crude oil prospects, and oil prices rose 7.5% in a week.

Gold: In the Asian gold market, spot gold maintained a downward trend. It once fell below the 1770 mark within the day, reaching a minimum of 1765 USD. Gold prices fell 4.5% last week, and this month may become the worst month in four months. Since gold hit an all-time high of US$2075 in August, the price of spot gold has fallen by more than US$300.
The market is currently optimistic about vaccines and believes that the global economy is expected to rebound next year.
Crude oil: International oil prices closed higher on Friday. U.S. WTI crude oil January futures closed up 0.56 U.S. dollars, or 1.25%, to 45.51 U.S. dollars per barrel, the highest hit 45.68 U.S. dollars per barrel, and the lowest fell to 44.54 U.S. dollars per barrel; Brent crude oil February futures closed up 0.41 U.S. dollars, or 0.86 %, reported 48.20 US dollars / barrel, the highest intraday hit 48.41 US dollars / barrel, the lowest fell to 47.29 US dollars / barrel.
TD Securities analysts pointed out last week that the oil market will enter a "wait-and-see mode." The price of Brent crude oil futures has almost entered a situation where the OPEC+ meeting has not yet begun, the market has already responded to the OPEC+ organization’s possible delay in increasing production and the continued increase in crude oil demand.
Forex: The U.S. dollar index hit a nearly three-month low on Friday as strong economic data released by China earlier pushed investors to switch to riskier currencies. To
The US dollar index fell 0.24% in late trading, and fell to 91.756 during the session, the lowest level since September 1. But the US dollar index did not hit the September low of 91.737, the last time it hit the low in April 2018. The Australian dollar rose 0.41% in late trading, and other commodity currencies such as the Australian dollar, New Zealand dollar and Canadian dollar were seen as risk indicators.
The U.S. dollar fell 0.23% against the Canadian dollar in late trading, and the New Zealand dollar rose 0.21% against the U.S. dollar. The pound fell 0.45% against the dollar, and the euro rose 0.78% against the pound. The euro rose 0.39% against the dollar to $1.1952, and there was little reaction to the pessimistic comments made by European Central Bank executive and chief economist Lien on Thursday.
Stock market: Last Friday, US President-elect Biden began to form a White House team and is expected to nominate former Federal Reserve Chairman Yellen as Treasury Secretary. The new regime transfer boosts market confidence, plus housing data and durable goods orders are excellent As expected, large US stocks rose 2.3% and small stocks rose 3.9%.
The Japanese stock market's Nikkei index closed lower on Monday, but recorded its biggest monthly gain in nearly 27 years. The progress of the new crown vaccine has stimulated optimism and the uncertainty surrounding the US presidential election has faded, boosting risk appetite. The Nikkei index closed down 0.79% to 26,433.62 points, ending a four-day streak. But the index rose 15% in November, the largest monthly increase since January 1994.
In terms of individual stocks, Tesla will be included in the S&P 500 Index in late December. Due to the large market value, S&P Dow Jones is seeking public opinion to study whether it will be included in one session or divided into two trading days. Goldman Sachs predicts that when Tesla joins the index, its stock price will reach $600, a 2% increase from current levels.
Focus:
November 30th 21:00 (GMT+8) The 180th OPEC Conference (video conference)
November 30th 21:00 (GMT+8) The initial value of the annual rate of the German consumer price index in November
December 1st 17:30 (GMT+8) OPEC and non-OPEC major oil-producing countries held the 12th Ministerial Semi-Annual Meeting
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