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Added on the 25/08/2015 06:19:38 - Copyright : Reuters EN
Shanghai stocks plunge 8.5 percent, leading losses across Asia. Rough Cut. (No reporter narration.)
The closing bell rings at the New York Stock Exchange as resurgent technology shares lead US stock indices to fresh records, outperforming industrial names ahead of key economic releases and a Federal Reserve announcement later in the week. IMAGES
An RBC Capital Markets analyst says that based on recent options trading, the market believes the next US president will be known by November 6th. However, Amy Wu Silverman, RBC's head of derivatives strategy, believes the risk of a contested election is 'severely underpriced' in the stock market. According to Markets Insider, the stock market is eagerly waiting for Congress to pass the next fiscal stimulus package. However, no progress will be made until a clear winner of the election is determined. We in the options market think about tail events, my worry now is that maybe a situation coming up where there is not a clear winner for a while. Amy Wu Silverman, Head of Derivative Strategies RBC Capital Markets A tail event is an unpredictable and rare market outcome that could come as a shock to investors.
CES Asia 2019 opened this year as more than 550 companies introduced the next-generation of innovation to the Asian marketplace, including the latest in 5G, AI, vehicle tech and advancements from more than 115 startups. Opening day of the show featured keynotes from the leaders of Audi, Huawei and Hyundai, and major product announcements from global tech brands.
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