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Added on the 27/09/2016 23:02:02 - Copyright : Reuters EN
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.
Republican presidential nominee Donald Trump spoke to supporters at a rally in Waukesha County Expo Centre, Wisconsin, on Wednesday saying that while his campaign is funded by “small donors” and his own wealth, Democratic presidential nominee Hillary Clinton has received $100 million in contributions from Wall Street and hedge funds. Clinton and Trump will face off in a second presidential debate on October 9 in St. Louis, Missouri.
Investors went shopping for stocks after the Fed decided to hold interest rates steady. But as Fred Katayama reports, the central bank said the case for a rate hike has strengthened.
Oliver Stone's WALL STREET: MONEY NEVER SLEEPS, starring Michael Douglas and Shia LaBeouf, will be released in cinemas across the UK and Ireland on Weds, 6th October 2010. Douglas is back in his Oscar®-winning role as Gordon Gekko, who's iconic "Greed is good" mantra and daring corporate raids made him a rock star of financial titans. Emerging from a lengthy prison stint, Gekko finds himself on the outside of a world he once dominated. He now has to play catch-up and redefine himself in a different era. Gekko has to become relevant again. But a young, idealistic investment banker (LaBeouf) learns the hard way that Gekko is still a master manipulator -- and if there's one place where you can redefine yourself, one place where your relevance is a deal away, it's Wall Street. Josh Brolin, Carey Mulligan, Susan Sarandon, & Frank Langella co-star.
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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