Even with the White House pushing a new $1.8 trillion stimulus plan, it’s unclear if anything will get done before the presidential election. The Senate is opposed to an expansive program, and Majority Leader Mitch McConnell said his priority is the Supreme Court nomination, not fiscal aid. Despite the uncertain timing, investors are betting that … Read more
By Gregor Stuart Hunter and Abhishek Vishnoi Divining the US election result is hard enough, never mind the impact of the vote on markets. Even so, one emerging view is that a Joe Biden win would damp risks in Asia if it curbs some of the tension with China. Disputes in areas such as technology, … Read more
Stock markets globally have rebounded sharply towards their pre-Covid levels. Technology, pharma and IT have been a big gainers in the Covid situation and tech-heavy exchanges, Nasdaq (US) and Shanghai (China), are at all-time/yearly highs. Many other indices are only a few percentage points away from their respective peaks. The higher the government support, technology … Read more