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Added on the 24/05/2019 07:48:48 - Copyright : Wochit
Tokyo, Feb 25 (EFE / EPA) .- . The main Tokyo Stock Exchange index, the Nikkei, rose 1.67 per cent Thursday encouraged by comments made by the president of the US Federal Reserve Bank (Fed) on the commitment of the entity to continue supporting the economy.(Camera: FRANCK ROBICHON)SHOT LIST: TOKYO STOCK EXCHANGE B-ROLL.
Donald Trump appeared on Fox & Friends to vow to keep pursuing legal challenges in several swing states. The President said that legal challenges will "continue to go forward," despite numerous defeats. Trump recognized the need to "speed it up" as the Electoral College will meet on Monday. He referred to the US as a "third world country" and expressed his concerns about Joe Biden being an "illegitimate president." "We keep going and we're going to continue to go forward. We have numerous local cases." According to Business Insider the case that Trump seems to be referring to resulted in a judge saying the lawsuit "smacks like racism."
On Tuesday, global stocks jumped after Donald Trump authorized President-elect Joe Biden's presidential transition process to begin. On Monday, Trump took a significant step toward acknowledging the election result. However, Business Insider reports, he is still convinced he and his allies can continue to contest the outcome. Another key factor driving the boost is Biden's planned nomination for former Federal Reserve chair Janet Yellen as Treasury Secretary. AstraZeneca's vaccine is helping drive oil prices to their highest levels since March.
Tokyo, Nov 5 (EFE/EPA).- Japanese stocks closed Thursday at a two-year high following a narrow lead of a Democratic challenger Joe Biden in the US presidential elections. The benchmark Nikkei rose 410.05 points, or 1.73 percent, to close at 24,105.28, hitting its highest since 2018. (Camera: KIMIMASA MAYAMA).B-ROLL OF THE DISPLAYS SHOWING INFORMATION OF THE NIKKEI STOCK AVERAGE IN TOKYO, JAPAN.
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.
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