Market Talk for November 9th, 2020

by Martin Armstrong
Armstrong Economics


The Chinese government on Monday sidestepped questions on when it would congratulate United States President-elect Joe Biden on his election victory, with a Foreign Ministry spokesman saying that China would act in “accordance with international practice.” More than 24 hours after US media declared Biden victorious, China remains one of the few major countries yet to send a message of congratulations to Biden and his team on their defeat of Donald Trump, leaving many to speculate whether officials there are waiting for the outgoing president to concede defeat.

Google, on Friday, criticized India’s move to cap the share of transactions of some companies within the country’s digital payments space, saying it would hinder the nation’s burgeoning digital payments economy.

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