The US Federal Reserve’s monetary policy remains unchanged

On the other hand, the market indicator of billionaire investor Warren Buffett, who compares the stock market valuation with the size of the US economy, reached 205%, which indicates a huge overvaluation of stocks. This indicator has accurately predicted the impending collapse several times. It reached a record high during the dot-com bubble and was also high before the 2008 global financial crisis. And both times it remained below 150%.

During the testing of the distance on one charge, Lucid Air’s first electric car traveled 445 miles and outperformed its Tesla Model S competitor (405 miles). At the same time, Lucid Air representatives said its Air Dream model can reach 517 miles on a single charge. But the cost of the car from Lucid Air is a little bit higher – $169,000. It looks like Tesla has a serious competitor.

Oil prices fell and rebounded from a 3-week high amid a powerful hurricane in the Mexican bay. Gasoline prices in the US increased by more than 3% as a power outage shut down the Persian Gulf Coast refineries. Analytical firms still expect oil prices to rise by the end of the year.

Gold and silver prices jumped on Friday as the Federal Reserve maintained its soft monetary policy. Until the Federal Reserve announces cutting its QE program, precious metal prices tend to rise.

The broadest index of Asia-Pacific shares outside of Japan, MSCI, jumped to a two-week high on Friday, Japan’s Nikkei 225 added 0.46%, Australia’s ASX200 added 0.2%, Korea’s KOSPI increased by 0.25%, but China’s blue-chip index CSI300 lost 0.26%. Japan is exploring the possibility of mixing AstraZeneca’s COVID-19 vaccine with vaccines developed by other drugmakers in an effort to speed up vaccine introduction. Japan is struggling with the worst wave of infections caused by the Delta version, and for the first time this month, the number of new daily infections exceeded 25,000. In Japan, 54% of the population is vaccinated with at least one dose, and 43% are fully vaccinated. Japanese prime ministerial candidate Fumio Kishida is calling for a huge stimulus package in the amount of several tens of trillions of yen to maintain the pace of economic recovery.