My attempt to get my web hosting company blue host to reinput my website data which is in drupal last night was unsuccessful. I am not allowed to get a reimbursement from blue host which dropped my site in early September over drupal use. I think I will have to continue to write in my email account for longer. Note that at a reader's suggestion I am not using as many spaces between items to make it easier to print the blog out.

The New York Times contacted election officials from most states who affirmed that there had not been any indications of fraud. However, the Republicans in the Senate, led by Mitch McConnell, are backing the Trump demand for recounts. As President-elect Biden said, this is “embarrassing” for the USA which likes to call for honest polling in foreign lands where it doesn't prevail. And as if to show that the US is defanging its defense for democracy, China has now essentially removed the opposition block in the Hong Kong “Legco”, leading its independents to resign en masse.

We have a reporting company today so I am leaving the US political mess for others to discuss. I have two dual national Israeli cousins living in Atlanta, but my grandson there voted in Ohio where he did not prevail. The Israelis, while under threat from tax authorities in both countries, are likely to vote for democrats. I also note out that based on a “shivah” visit to a very Orthodox first cousin in Brooklyn, whose husband died, her view of Trump and that of her sister who was helping out was identical to my own. They are less keen on support for the secular Jewish state than other Jews.

Now to the mostly unpredictable news:

*E.ON SE reported today from Germany with mostly good news about its Q3, but not unanimously good news. It sales rose 73% from prior Q3 to euros 12.811 bn. However, its adjusted earnings before interest, taxes, and depreciation came in at euros 1.287 bn from prior year's euros 1.032 bn, and adjusted net income was down more than 50%, to euros 139 mn from 292 mn. The cause was loss of interest income on its cash which cut return from its investing and financing operations, plus the impact of discontinued operations. So its net debt jumped to euros 42.082 bn from 38.895 bn, a 10% rise. Moreover, EONGY did not include expenses for decommissioning nuclear power stations in its expenses for the quarter.

The good news is that the company reaffirmed its half-year forecasts of group adjusted earnings of euros 3.6-3.8 per share and its forecast net income of euros 1.5-1.7 bn or euro cents 58 to 65/ share. Chicago-based Zacks reacted by chopping the German ute's stock from buy to hold. It rose 13.4% here.

Oilpatch

*BP opened up 0.83%. It later fell 0.31% from yesterday's close. Oil and sterling are hard to price.

*Royal Dutch Shell, whose RDS-B shares we own, was raised to buy from hold by Berenberg brokers, but only gained 0.2%. It then went negative here.

*Schlumberger Ltd however fell 2% at the opening and now is down 3.4%.

*Uranium miner Cameco, CCJ, rose 6.5%.

*Canadian Solar, CSIQ, gained 5.88%. It is Chinese. Mauritius-India solar firm Azure rose 3.13%.

*Nevada's Ormat, Israeli owned thermal energy producer and storage firm, ORA, rose 4.75%.

*Chinese electric vehicle maker NIO fell 0.1% either in reaction to the Hong Kong Legco close or because another startup firm in its sector, Nikola, is now under investigation for stock fraud.

Mixed Drugs

*Danish Novo Nordisk NVO was up most of the day but varied. Its weight loss semaglutide jab works. *British Glaxo GSK fell at the opening but now is up 0.07%. Canada's Zymeworks ZYME fell 2.5% late halved.

*Swiss Roche (RHHBY) rose 3.4%. Novartis (NVS) gained 2.2%.

*Israeli TEVA fell 0.7%. Israeli Compugen (CGEN) rose 1.85%. BiolineRX (BLRX) lost 1.65%.

*Spanish Grifols rose 0.005%. GRFS is an antibodies specialist.

*Japanese Eisai, as I predicted, rose, now up 1.34%. ESALY is not dependent on its Biogen jv.

*Chinese Beigene, BGNE, is up 2.8%.

Tech

*Naspers fell another 2% today over the threat from Microsoft MSFT consoles. We half NPSNY Tues.

*Mercado Libre MELI of Argentina gained 16.9% at the opening, making it the best performer today. It is now up only 6.15%.

*Norwegian recycling machine maker Tomra TMRAY rose 4.65% today.

*Canadian virtual pilot training stock CAE got widely different ratings on Bay St today and the stock fluctuated. BNS, RBC, and Canaccord rate it buy but CIBC and NBC chopped it to neutral and TDA already rated it hold. It reported yesterday sales that beat and profits that missed.

*Ericsson is up 2.78% while Nokia NOK only gained 1.77%. Both are moving into 5G as an alternative to risky Chinese options. British Vodafone however fell 0.12%.

Finance

*Mitsubishi MSBHF and Sumitomo SMFG both rose today.

*Hong Kong insurer AIG Asia (AAIGF) rose 5% because it is a quick way out of the island.

*Atlantica Yield (AY from Harry) is up 0.8%. Algonquin (AQN), a related company rose 1.7%.

*SPDR Gold (GLD) is down 1% but Canadian miner Kirkland Lake (KL) is up 0.5%.

*Finnish Sampo Oiy (SAXPY) is down 1.2% but Swedish Investor A/B (IVSBF) is up 0.43%.