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Added on the 06/11/2020 18:24:05 - Copyright : Wochit
Wall Street stocks ended little changed on Thursday as investors kept to the sidelines ahead of Friday's U.S. payrolls report for July. Bobbi Rebell reports.
France's Finance Minister Bruno Le Maire tells investors to "calm down" after stocks in French banks including Societe Generale and BNP Paribas sank following the collapse of US lender Silicon Valley Bank. SOUNDBITE
Seoul, Apr 17 (EFE/EPA).- The benchmark South Korea Composite Stock Price Index (KOSPI) rose 43.15 points or 1.88 percent on Wednesday to close at 2,343.31, as investors worldwide took an optimistic stance on the U.S. presidential election. (Camera: JEON HEON KYUN).SHOT LIST: SOUTH KOREAN DEALERS WORKING AT THE HANA BANK IN SEOUL, SOUTH KOREA.
A Credit Suisse analyst says that if Joe Biden wins the US presidential election in November, it could spur a 'knee-jerk' pullback in the stock market of 5%. According to Markets Insider, senior investment strategist Suresh Tantia said that was due to the Democratic nominee's stance on corporate taxes. However, Tantia said investors should look at such a pullback as a buying opportunity, as Fed support will keep driving markets after the election. The central-bank support is not going anywhere. The Fed is going to keep rates lower for longer, similar to other central banks. Suresh Tantia, Senior Investment Strategist Credit Suisse Tantia's tip for traders? Investors should seek out equities in Asian markets, as they are cheaper than US stocks and have strong earnings.
U.S. stocks were little changed on Monday as investors resisted taking big positions ahead of the outcome of the U.S. election next week. Roselle Chen reports.
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