A global bond market rout intensified on Monday while the dollar strengthened as investors bet that US president-elect Donald Trump’s mix of economic stimulus and protectionism will herald faster growth and the return of inflation. Since Mr Trump’s surprise win in last week’s election, investors have begun to question long-held consensus forecasts for subdued inflation and mediocre growth that underpinned a rally in bonds over the summer. […]
US bank shares have staged the sharpest recovery rally since Wall Street emerged from the financial crisis in 2009, underlining the stark shift in investor sentiment that has gathered pace since Donald Trump captured the US presidency. The S&P 500 banks index, a gauge of the largest US banks, has turned a year-to-date fall that, at its worst, reached almost 25 per cent, to a gain of […]
By David Morgan | WASHINGTON WASHINGTON With a bitter election campaign finally over, the Congress will reconvene this week to try to set aside its partisan differences long enough to keep the government from closing. As President-elect Donald Trump shapes his administration, Republicans are expected to move away from initial plans for compromise funding legislation and opt instead for a short-term measure to keep the government running […]
Photo Albrecht Dürer’s “The Rhinoceros,” 1515. Credit From the National Gallery of Art It is a Sunday afternoon in a provincial town in France. Two men meet at a cafe. One of them, Berenger, is half-drunk. He is being berated by his companion, Jean. All of the sudden, they hear a great noise. When they and other townspeople crane their necks to figure out what’s going on, […]
Copper recorded its best week in five years as speculators scrambled to reverse bearish bets following the election of Donald Trump as US president, which boosted hopes for more consumption in the western world. The promise of a big infrastructure programme in the US, following a decade of reliance on China, has driven the market to reassess the outlook for copper and other industrial metals such as […]
The election of Donald Trump represents a “tectonic shift” for global economics and politics, and will help kill the three-decade bond market rally, according to Henry Kaufman, the original “Dr Doom”. The former Salomon Brothers chief economist gained his gloomy moniker by correctly calling the last bond bear market in the 1970s, and is now predicting another one, as Mr Trump will probably fire a massive slug […]
On Wall Street the S&P 500 has surged to within touching distance of a record high, with the US equity market electrified by Donald Trump’s capture of the White House and the Republican party unexpectedly keeping control of Congress in Tuesday’s US election result. As an historic week ends, investors believe that a macro economic regime change looms, upending the policy mix that has dominated in Washington […]
The Bank of Japan faces a defining stress-test of its “yield curve control” policy in coming days as the benchmark Japanese government bond yield nears zero and currency markets recalibrate themselves for a Donald Trump US presidency. With post-election yen volatility already making a mark on Japanese equities, traders in Tokyo said the focus would this week turn on JGB markets and the BoJ’s resolve. After wrestling […]
Currency dealers in search of the next great trade love a compelling trend, and after looking all year they seem to have found one in the last place expected — the US, where Donald Trump is president-elect. Before the election predictions were tentative, safe bets assumed only modest shifts in the foreign exchange status quo. Yet Mr Trump’s victory, and Republican success in capturing Congress, have prompted […]
Photo Members from the Free Syrian Army take part in a battle in northern Syria last month against Islamic State fighters. Credit Nazeer Al-Khatib/Agence France-Presse — Getty Images BEIRUT, Lebanon — The hours are ticking down to what the Syrian government and its main ally, Russia, say could be the most devastating aerial assault yet on besieged rebel-held districts in the Syrian city of Aleppo. The Obama […]
Zebra and quagga mussels, the best known Great Lakes invaders, reduce the ability of native mussel species to move, feed and breed. Authorities have already come up with several means to deal with these invasive mussel species that have been spreading in bodies of water across the U.S. Officials have provided decontamination services to boat owners and resorted to using special chemicals such as liquid potash to eliminate infestation […]
RIYADH: Foreign ministers from the six-nation Gulf Cooperation Council (GCC) will this week hold a meeting to draw up the agenda for a summit to be attended by the heads of GCC countries early next month in Bahrain. Collective security, military affairs, regional conflicts and common market as well as falling oil prices will make the agenda of the ministerial meeting.This GCC ministerial meeting, the first after […]
Titanfall 2 Electronic Arts PlayStation 4, Xbox One, PC Four stars Robots just want to be our friends. Sure, there have been a few bad apples, such as the Terminators, Cylons and Ultron – but what about all the nice ones, such as Data from Star Trek and Rosie from The Jetsons? BT-7274, the co-star of Titanfall 2, just wants to be loved. Granted, this giant bucket […]
Facebook has been navigating the dark web in search of stolen passwords, buying credentials off the black market in a bid to protect users. By purchasing stolen passwords off the black market, Facebook aims to increase its own security, as well as protect users who rely on one password for two or more accounts. While most people know that it’s highly recommended to use different passwords for […]
newslide Abu Dhabi Choral revue Attend the opening-night performance of ADCG: It Lives In You. Abu Dhabi Choral Group presents an autumn revue celebrating 40 years of entertaining audiences in the city, which includes musical memories from previous shows the group has staged, including South Pacific, Beauty and the Beast, and songs that celebrate musical theatre. • Tonight, Thursday and Friday, 7.30pm, from Dh90, Abu Dhabi Folklore […]
By Richard Leong and Jennifer Ablan | NEW YORK NEW YORK Donald Trump’s stunning victory for the White House may mark the long-awaited end to the more than 30-year-old bull run in bonds, as bets on faster U.S. growth and inflation lead investors to favor stocks over bonds. A two-day thumping wiped out more than $1 trillion across global bond markets worldwide, the worst rout in nearly […]
The discussion underlined the effects that emerging technologies are having on the way the world consumes news, as well as on media’s reach and influence Dubai, November 13, 2016 A session titled “The Next Media Revolution” was held on the sidelines of the inaugural Annual Meeting of The Global Future Councils 2016, taking place in Dubai’s Madinat Jumeirah today (Sunday, November 13, 2016). The discussion underlined the […]
Investors are betting on a new era of improved US-Russian relations following Donald Trump’s victory in the US presidential election — anticipating that a possible easing of economic sanctions and a reduced risk of capital flight will make the rouble more robust than other emerging market currencies. At the end of last week, the rouble escaped the worst of a brutal sell-off in emerging market currencies that […]
Peter Thiel, the billionaire who became Donald Trump’s most prominent backer in Silicon Valley, made a critical distinction last week. He complained that the media tended to take the man literally, but not seriously. Now that Mr Trump is the president-elect of the US, everyone takes him seriously. And hence it becomes vital to work out whether we should take what he has been saying literally. After […]
DUBAI // Three meteor detection stations have been set up across the Emirates, the UAE Space Agency said on Sunday. The UAE Astronomical Camera Network (UACN) is designed to track coordinates of meteors and orbital debris, calculating trajectories in case of local impact, and it monitored one such meteorite that landed on the outskirts of Abu Dhabi in September. The camera network will also contribute to discovering […]
Riyadh, Saudi Arabia; November 10, 2016 Consumer confidence in Kingdom of Saudi Arabia (KSA) falls at the optimism baseline as the index decreased by four points from the previous quarter, according to the latest consumer confidence report from Nielsen. The Nielsen Global Survey of Consumer Confidence and Spending Intentions recorded a Consumer Confidence Index of 100 for KSA in Q3 2016, down from 104 in Q2 2016. […]
Samsung was surrounded with a lot of debate after some of its newly launched Galaxy Note 7 phablet exploded due to faulty battery. Samsung has already announced a global recall of the Galaxy Note 7, but it seems that the Samsung phablet is not the only one that can potentially explode. GizmoChina reports that an iPhone 7 Plus exploded in China’s Yunnan province, when it hit the […]
By William Schomberg | LONDON LONDON Five months to the day after Britain voted for Brexit, its finance minister will outline how the government plans to cope with the economic fallout and voters’ frustrations which had echoes in Donald Trump’s U.S. election triumph. Philip Hammond, the Chancellor of the Exchequer, is due on Nov. 23 to announce spending and tax plans until the end of the decade […]
Here are the key questions we are asking at FT Markets ahead of the first full week’s trading after the US election — with the overarching theme being the repositioning across portfolios for president-elect Donald Trump’s transition into power. Emerging markets — remission, or further pain? The prospect of a faster-growing US economy is usually good news for emerging markets. When it comes with the risk of […]
