The dollar fell as investors walked back bets on Donald Trump winning the US presidential election after the latest polls indicated no clear advantage for him. Oil rose after OPEC+ delayed an output hike. An index of the greenback dropped the most in over two months, with the US currency down against major peers such as the yen, the euro and the Australian dollar. Treasury futures rose. The moves came after a poll by the Des Moines Register showed Kamala Harris with a 47%-44% lead in Iowa — a state Trump has won in each of his prior elections. One element of the so-called Trump trade favors higher Treasury yields and a stronger dollar. Still, other surveys show the two candidates poised for a photo finish, with voters narrowly split both nationally and across the pivotal swing states. The dollar gauge and 10-year Treasury yields both had reached their highest since July in recent weeks, after investors ramped up wagers on a second term for Trump. There’s concern that his support for looser fiscal policy and steep tariffs will deepen the federal deficit and fuel inflation, undermining Treasuries. Shares rose in Asia, led by those in South Korea and Australia. US stock futures edged up after Wall Street’s gains Friday following robust earnings from the likes of Amazon.com and Intel Corp. Japanese markets are closed for a holiday, which means there will be no Treasuries trading in Asian hours. In addition to the US election, trading across financial markets this week also will be shaped by central bank decisions for the US, UK and Australia, among others. The Federal Reserve is expected to cut rates by 25 basis points Thursday, after the latest jobs data showed US hiring advanced at the slowest pace since 2020 while the unemployment rate remained low. Even so, the numbers were distorted by severe hurricanes and a major strike. Economists also expect the Bank of England to lower its benchmark rate by a quarter point to 4.75%. West Texas Intermediate, the US crude benchmark, rose more than 1% Monday, as OPEC+ agreed to push back its December production increase by one month and Iran escalated its rhetoric against Israel. In China, officials unveiled steps to attract foreign money just days before US elections that have raised concern about the impact on the world’s second-biggest economy from a return of Donald Trump to the White House. Foreign individuals are now allowed to provide capital for publicly traded firms as strategic investors, the China Securities Regulatory Commission, the Commerce Ministry and four other regulators said in a statement late Friday. Elsewhere in China, the country’s Standing Committee of National People’s Congress meets in Beijing Monday through Friday, as investors watch for any approval of fiscal stimulus to revive the slowing economy.
Nikkei -2.63% Hang Seng +0.32% CSI +1.21% Shanghai +1.01% Shenzen +1.75%
Eur$ 1.0895 CNH 7.0945 CNY 7.0934 JPY 152.06 GBP 1.2990 CHF 0.8655 RUB 98.0000 TRY 34.3495 WTI$ 70.84 +1.94% Gold 2,738.30 +0.06% BTC 68,940 -0.25% ETH 2,472 +0.12%
S&P +0.30% Nasdaq +0.44% EuroStoxx +0.18% FTSE -0.02% Dax +0.14% SMI -0.06%
Macro :
- US Power Regulator Sees Data Centers as Critical Opportunity
- Turkey Scores Second S&P Credit Rating Upgrade This Year
- US Regulator Rejects Amazon-Talen Nuclear Power Agreement
- Big Oil Dials Up Output Growth Just as OPEC Mulls Supply Boost
- Hedge Funds Unload US TMT Stocks Amid Big Tech Earnings: Goldman
- German Banks Offload US Office Loan Exposure: Credit Weekly
- $5,300-a-Night Hotel Showcases Saudi Push to Become Tourism Hub
- Qatar to hold referendum on sweeping constitutional changes
Keep an eye on :
Keep an eye on :
- ANE SM : Acciona Energia Set to Sell €2 Billion Green Assets: Expansion
- ATSG US : Stonepeak in Talks to Buy ATSG for $3.1 Billion, Reuters Says
- AMZN US : US Regulator Rejects Amazon-Talen Nuclear Power Agreement
- AMZN US : US Regulator Rejects Amazon-Talen Nuclear Power Agreement
- AMZN US : Bezos Files to Sell 16.4m Amazon.com Shares ($3.2bil)
- AAL LN : Botswana’s new president aims to clinch De Beers diamond sales pact soon - Sunday Times(ZA)
- AAPL US : W.Buffet sold $14.3b of stock in Q3 2024, after $100b in Q2 - Still hold $69.9b (sold for 4 Q in a row)
- BRK/A US : BRK/A 3Q Operating Earnings Misses Estimates: Snapshot
- BA US : Boeing Bankers Grab Up to $300 Million in Capital Raise Fees
- BT/A LN : Reportedly CEO has made it a priority to sell non-UK assets, whether in a single deal or continuing to sell by units.
- BRBY LN : Moncler Could Be Weighing Bid for Burberry, Miss Tweed Reports
- CHWY US : Chewy to Replace Stericycle on S&P Midcap 400
- DISH US : Dish Bondholders Set to Rebuff Firm’s Latest Debt Exchange Offer
- EBUS NA : Ebusco Gets Indications of Interest for €36M Capital Raise
- GSAT US : Globalstar Soars on Expanded Apple Satellite Services Deal
- INTC US : Nvidia Set to Replace Intel in the Dow Jones Industrial Average
- MONC IM : Moncler Could Be Weighing Bid for Burberry, Miss Tweed Reports
- Nabiax Data Center : Aermont Capital in Final Talks to Buy Nabiax: Expansion
- NOVN SW : CEO: Confident will have at least 5%/yr growth until 2028, to see growth in FY25 - German press interview - Sees growth driven "by eight to nine drugs, from which we expect a multi-billion dollar turnover.
- NVDA US : Nvidia Set to Replace Intel in the Dow Jones Industrial Average
- NVDA US : Nvidia Cannot Supply Enough GPUs to Meet Demand: SK Chair (2)
- PSH NA : Pershing Square Holdings Oct. Net Performance -2.5%
- PNL NA : PostNL Cuts FY Normalized Ebit Forecast
- RYA ID : Ryanair 2Q Profit After Tax EU1.43B Vs. EU1.52B Y/y
- SAN SM : Santander’s UK Unit Faces New Hit After Years of Lagging Behind
- SHOT SS : Scandic Hotels CEO Says Valuation Is ‘Too Low,’ DI Reports
- SU FP : Schneider Electric Appoints Olivier Blum as CEO
- SHEL LN : Shell fights to win approval for sale of Nigerian onshore business
- SKAB SS : Skanska to Build Commercial Offices in London for £197m
- SRCL US : Chewy to Replace Stericycle on S&P Midcap 400
- STMPA FP : STMicro Gets Lone Sell as Morgan Stanley Cuts on Autos Headwinds
- TSLA US : Tesla Director Kimball Musk Files to Sell 60,500 Tesla Shares
- Thames Water : KKR Interested in Thames Water Share Sale, Sky News Reports
- TTE FP : TotalEnergies Chief Warns Trump Against Axing Climate Rules: FT
- VWS DC : Dividend Options, Vestas, Telefonica: EMEA Options Snapshot
- VKTX US : Viking Experimental Obesity Pill Shows Promise in Early Study
- VOW GY : “Costs must be massively reduced” - This is how radically VW wants to restructure