US Presidential election 2016: Global markets “in a bloodbath” as Donald Trump looks set for White House victory over Hillary Clinton November 9, 2016 As Donald Trump looks set to be named President of the US, analysts have issued dire warnings on global markets – with one expert describing a "bloodbath" as the election results roll in. Trump is currently leading the race for the White House with 244 electoral college votes against Hillary Clinton's 215. The Mexican peso, [...]
Who is even supporting Donald Trump in the US election anyway? November 8, 2016 While Hillary Clinton has been raking in the celebrity backers, peaking with Beyonce and Jay Z over the weekend, Donald Trump's endorsements list is looking a little… shorter. Clinton can boast the backing of Madonna, George and Amal Clooney, Katy Perry and a whole host more high-profile Americans. But the Republican candidate doesn't seem to [...]
Trump versus Hillary: How to make money whoever wins the US presidency November 8, 2016 This presidential campaign has been nothing if not unpredictable. Less than a fortnight ago, a victory for Hillary Clinton looked all but certain. Then it emerged that the FBI was investigating a new set of emails connected with her private server. Now, she has been cleared, but Donald Trump is arguing that her latest exoneration [...]
Expect a Donald Trump victory to drive gold prices higher November 8, 2016 The 2016 presidential election and its likely impact on financial markets is proving incredibly difficult to call. First we have the relative outperformance of the US economy versus many other major countries to consider. Regardless of who wins, it seems as good as inevitable that US interest rates will still be rising before the year [...]
Clinton good, Trump bad: Market reaction to changing odds is too simplistic November 7, 2016 Thank goodness Britain is a nation of geniuses (or should that be genii?). Not even six months after the UK got to grips with the minutiae of EU rule-making and its enormous, surreptitiously dastardly implications for our country, we have all suddenly become experts in British Constitutional Law. We have had a lot of assistance [...]
Federal Reserve holds rates ahead of US presidential election November 2, 2016 The US Federal Reserve’s rate-setting Federal Open Market Committee (FOMC) has voted to leave interest rates on hold. But the Fed set the stage for a hike in December amid signs of the economy picking up. The Fed said: The committee judges that the case for an increase in the federal funds rate has continued [...]
Gold rises above $1,300 per ounce as US election polls and the coming Fed rate decision spooks investors November 2, 2016 Gold prices have hit a one month-high today. Prices topped $1,300 per ounce on the growing uncertainty surrounding the US presidential election and a last-minute rush to safe havens ahead of Fed chair Janet Yellen's interest rate announcement at 6pm London time today. With less than one week to go before the US election and polls tightening, analysts [...]
Shop prices continued to fall in October, despite the slide in the value of sterling November 2, 2016 Sterling's sharp decline since the EU referendum has not fed into shop prices yet, according to data released today. Shop prices fell by 1.7 per cent month-on-month in October, according to the British Retail Consortium (BRC) and Nielsen. Prices on non-food items fell by 2.1 per cent and food prices fell by 1.2 per cent, [...]
Manchester City 3, Barcelona 1: Pep Guardiola thrilled as City come of age in Champions League November 2, 2016 Delirious Manchester City boss Pep Guardiola insists his side are coming of age in the Champions League after they displayed verve and tenacity to beat Barcelona at their own game. Rocked by Lionel Messi’s opener – his 90th Champions League goal – the hosts made a mockery of Barcelona’s fearsome record of five successive humblings of [...]
As inflation rises, central banks have their eyes on economic growth, not prices: Here’s what’s causing the bond sell-off November 1, 2016 Inflation is back, it would seem. After years of deflation and disinflation, recent data shows that price levels have been rising in the US, the UK and in the Eurozone. After a peak in bond prices in July, holders of debt are now concerned that the yield on long-dated securities could be eroded over the coming [...]