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Added on the 12/11/2018 12:26:08 - Copyright : Wochit
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.
Falling oil prices dragged down energy shares. But the major indices still posted gains for the week, as Fred Katayama reports.
U.S. stocks tumble, putting the Dow on track for its worst start to a year since 1932 after weak Chinese economic data fanned fears of a global slowdown. Rough Cut (no reporter narration_).
Oil prices would have to bounce back to $60 a barrel for U.S. oil producers to generate a good rate of return, says S&P Capital IQ's Stewart Glickman. Fred Katayama reports.
US Secretary of State Antony Blinken says that the country's ambassador in Moscow, Lynne Tracy, was able to visit Wall Street Journal reporter Evan Gershkovich in prison. "I can report based on what Ambassador Tracy has said that he's in good health and good spirits, considering the circumstances. We continue to call for his immediate release from this unjust detention," Blinken told reporters in Japan after G7 talks. SOUNDBITE
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