BNP Paribas specialists presented three possible scenarios for the upcoming elections in the US, which take place on November 6, so that investors can prepare their portfolios, Bloomberg reports. According to public opinion polls, Democrats can win the elections, which levels President Donald Trump’s efforts to impose import duties and lower taxes. The victory of the Republicans will allow him to continue an aggressive trade policy. If the Democrats win, the bank's experts predict the fall of the dollar and the decrease in yield of 10-year US Treasury bonds. If the Republicans win, then it is needed to prepare for the rally of stocks and the lowering of cost of US government securities.
The dollar was briefly lifted on Thursday after the U.S. Federal Reserve offered no concrete clues about its next course of action, while investors hoped for an easy policy as the coronavirus resurgence stalled economic recovery. The dollar ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
The dollar firmed on Thursday as a decline in Chinese retail sales worried investors, while the rest of the market anticipates the EU summit this weekend. The euro was down 0.1% to $1.1401, while the dollar stood at 106.95 on the yen. The ...
Oil prices traded lower in Asia earlier on Monday, a few days before OPEC’s technical meeting scheduled on Wednesday. Investors are expecting that OPEC would further recommend the easing of its current supply cuts in a bid to reverse ...
Asian shares advanced on Monday backed by investors’ confidence over U.S. earnings. Investors heavily anticipate a prosperous earnings season, with most companies expected to surpass forecasts now that outlooks had been lowered by COVID-19 ...