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Added on the 17/04/2019 06:55:59 - Copyright : Wochit
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.
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.
Asian markets falling on Tuesday to multi-year lows alongside a global sell-off prompted by soft commodity prices and increased pressure from the slowing Chinese economy. Ryan Brooks reports.
The euro slides to a fresh 12-year low, lifting euro zone stocks to new peaks as investors bet that the currency's relentless fall will improve the region's corporate earnings prospects. As Joel Flynn reports the changing market conditions are partly to blame for the stalling of a merger between the world's two biggest cement makers.
Images show plumes of smoke rising from the facade of Copenhagen's historic former stock exchange, as work to put out the last of the flames continues for a third day. Half of the 17th-century Borsen building was destroyed and its 54-metre (180-foot) spire tumbled to the ground in a fire that broke out early Tuesday April 16, in scenes that shocked Denmark. IMAGES
Copenhagen's historic former stock exchange is cordoned off after a massive fire, which Danish firefighters say they are battling to extinguish in part of the building for a second day after bringing the blaze under control. IMAGES
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