“It’s almost like a puzzle mystery,” Priebus told me last summer. I don’t recall what we were talking about, but Priebus had a knack for homespun Wisconsin logic and, particularly, throwaway lines that would stick with me. I kept thinking of the puzzle mysteries that were playing out up and down Trump Tower, even though I showed up Friday without an appointment with Priebus and was confined […]
Wall Street is betting big on small. US president-elect Donald Trump’s pledge to ignite faster economic growth has put the shares of smaller US companies on track to outshine big multinationals this year for the first time since 2013. The Russell 2000, an index of shares with a median market value of less than $1bn, has surged 10 per cent to a record since the US election. […]
November 21, 2016 by: Peter Wells in Hong Kong and Michael Hunter in London Monday 08.00 GMT. Oil prices are making notable gains, tracking the prospect of a deal on output cuts between major producers, setting Brent crude on course for its first two-session advance since early October. Brent crude, the international benchmark, is up 1.3 per cent at $47.47 a barrel, while West Texas Intermediate is […]
By Dan Burns and Jennifer Ablan | NEW YORK NEW YORK With President-elect Donald Trump promising to spend as much as half a trillion dollars on infrastructure and slash taxes – initiatives that could add dramatically to the U.S. debt and balloon the budget deficit – Wall Street is far more focused on who will next head the U.S. Treasury than it was in the previous selection […]
The Trump trade — sell government bonds because his policies might cause inflation and require huge new borrowing — has already produced a common counter reaction: do not get carried away, this is an opportunity to buy Treasuries before yields collapse again. What it shows is a conditioned response. The first time your dog barks in the night, you leap out of bed with a head full […]
Submitted by Eric Peters via EricPetersAutos.com, It is good that Hillary lost – obviously. But it may prove to be the worst thing that could have happened. Depending on what Trump does as president. If he governs as a Republican, it is time to pack bags. Because the clock is ticking. We will have – at best – four years before something far worse than Hillary returns, […]
Neel Kashkari picked a bad day to try to fix the financial system. As the president of the Federal Reserve Bank of Minneapolis unveiled a plan to safeguard the biggest banks on Wednesday morning, shares in the likes of JPMorgan Chase, Bank of America and Citigroup were coming off five days of frantic gains. Analysts, meanwhile, were still pumping out research notes, trying to guess what a […]
Already, many Israelis and Palestinians are buzzing about the prospect. Where would the embassy go? Would it straddle the line between West Jerusalem, which is predominantly Jewish, and East Jerusalem, which is predominantly Arab? Would it touch off street protests in Palestinian cities or a backlash among Arab allies like Egypt and Saudi Arabia? Continue reading the main story “Jerusalem is a symbolic, emotional and real issue,” […]
Friday 17:00 GMT. Wall Street slipped as the dollar climbed to a new 13-year high and US government bond yields hit multi-month peaks on Friday on expectations that president-elect Donald Trump’s policies will boost the economy and deliver tighter monetary policy. After a mixed Asia-Pacific session, which included Japanese equities entering a bull market, the pan-European Stoxx 600 slide 0.3 per cent. Investors have been eyeing the […]
Photo The view from Elias Muhanna’s grandparents’ balcony, in Roumieh, Lebanon, in 2010. Credit The Muhanna Family When I was a child, I spent most summers at my grandparents’ home in the Lebanese mountain village of Roumieh, overlooking Beirut and the Mediterranean coast. From the swing on the veranda, an expanse of umbrella pines and terracotta-roofed villages tumbled steeply toward the sea. In the evenings, my grandfather […]
You can read our charts-based explainer here. Sometimes the end of an era comes imperceptibly, with it only becoming apparent long after the fact. But many investors are in little doubt that Donald Trump’s election victory loudly trumpets that an entirely new market regime is nigh. The subsequent shockwaves — which sent equities powering higher on stimulus hopes, bonds crashing on inflation fears and emerging markets quaking […]
U.S. stocks looked set to open little changed on Friday, with all three major indexes near record highs, a day after Federal Reserve Chair Janet Yellen sent a strong signal that interest rates would be increased next month. The Fed could raise rates “relatively soon”, Yellen said in a congressional testimony on Thursday, adding that she would serve out her term. Traders are pricing in an 83 […]
The Suicide Squad Extended Cut contains 11 extra minutes of footage, but is that enough to make the divisive movie any better? Unless your name is Harley Quinn, no, not really. This article is solely focused on whether the Extended Edition makes Suicide Squad a better film and what new material appears in this version. Check out my review of the Suicide Squad theatrical release for my […]
Photo An Israeli settlement surrounded by a defensive wall near the West Bank city of Ramallah. Credit Thomas Coex/Agence France-Presse — Getty Images Right-wing Israeli politicians see Donald Trump’s election as helpful toward their goal of burying the prospect of a Palestinian state. On Wednesday, Israeli lawmakers gave preliminary approval to a bill that would retroactively legalize settlements built on private Palestinian land in the West Bank. […]
LONDON Battered bonds and emerging market currencies enjoyed some respite on Thursday as the dollar took a breather from a post-U.S. election charge that has taken it to a 13-1/2 year high. Wall Street looked set for a quiet start and Europe’s main stock markets <0#.INDEXE> were shuffling sideways as the dip in global bond yields cooled bank stocks, which have been rising on better lending profits. […]
Thursday 08:30 GMT. European and US equity gauges are subdued as government bond yields dip from multi-month highs and the dollar stalls after hitting its strongest level since 2003. Following a muted Asia-Pacific session — encapsulated by Japan’s Nikkei 225 closing unchanged — index futures suggest the S&P 500 will dip 1 point to 2,176 when the opening bell rings later in New York, leaving the Wall […]
Wednesday 17:00 GMT. US and European stocks were softer as the dollar hit a 13-year high and bond yields eased off multi-month peaks, as investors reined in bets that US president-elect Donald Trump’s pledge of infrastructure spending and tax cuts would accelerate inflation. In Europe, Germany’s Dax fell 0.7 per cent as shares in Bayer fell 4.2 per cent after the drugmaker raised €4bn to pay for […]
Wednesday 09:20 GMT. European stocks are tracking a mostly positive showing in Asia as Wall Street eyes record highs on hopes the Trump administration’s pledge of infrastructure spending and tax cuts will boost the US economy. The dollar and government bond yields are a touch firmer, keeping gold and industrial commodity prices in check. After the FTSE Asia-Pacific equity index rose 0.6 per cent, the pan-European Stoxx […]
TOKYO A pause in both the sell-off in global bonds and sharp rise in the dollar following Donald Trump’s election victory, together with Wall Street’s record high overnight helped Asian shares steady on Wednesday from a four-month low struck a day earlier. President-elect Trump’s plans to cut taxes and boost infrastructure spending would boost demand while his proposals to deport illegal immigrants and impose tariffs on cheap […]
|By Matein Khalid| Donald Trump’s shock win will have a profound impact on the GCC economic constellation via multiple feedback loops. His economic policies mean a much higher US dollar, anathema to GCC economies since it correlates with stock/property market crashes, banking stress and oil slumps. This is the macroeconomic linkage due to the GCC US dollar peg whose lessons the region learnt the hard way in […]
By Steve Holland and Emily Stephenson | WASHINGTON/NEW YORK WASHINGTON/NEW YORK President-elect Donald Trump closed in on naming two early Wall Street backers to key economic positions but jettisoned a national security expert from his transition team on Tuesday, a sign of the premium he places on loyalty as he confronts the task of building his administration. Trump, a Republican outsider who won a surprise election victory […]
November 15, 2016 by: Peter Wells in Hong Kong Tuesday 03.35 GMT. The US dollar has retreated from recent highs, leaving counterparts across the Asia-Pacific region firmer. US Treasuries are eyeing their first rise in more than a week, while stocks across Asia have followed on from a muted lead on Wall Street. The US dollar index, a measure of the US currency against a basket of […]
Members of Prime Minister Benjamin Netanyahu’s Likud party and other rightist politicians jumped to make hay of the change. Continue reading the main story Yoav Kish, a Likud member of Parliament, called for the expansion of Israeli sovereignty into the West Bank; Meir Turgeman, the chairman of Jerusalem’s municipal planning committee, said he would now bring long-frozen plans for thousands of Jewish homes in the fiercely contested […]
Mary Jo White is stepping down as chair of the Securities and Exchange Commission, putting a spotlight on one of the many regulatory roles Donald Trump will have to fill having promised to loosen rules on the financial sector Ms White, a former federal prosecutor and defence lawyer appointed by President Barack Obama in 2013, said she would leave at the end of the Obama administration, well […]
