Politics

How the market reacted when Trump won in 2016 Jun 15, 2024 03:30AM

Piper Sandler explained in a note this week that when Donald Trump won the 2016 U.S. presidential election, the overall market response was muted, but significant sector-specific moves occurred.

The investment firm said financials, especially banks and insurance companies, led the way with substantial gains. Sallie Mae rose 37%, and Freddie Mac surged 97% within seven trading days.

According to Piper Sandler, bonds and bond proxies, such as utilities and REITs, sold off... (continue reading...)

How Trump's potential second term in office could look like Jun 15, 2024 03:30AM

With the 2024 U.S. presidential election approaching, analysts are actively debating the potential outcomes, particularly how a second term for Donald Trump might unfold.

Weighing in on this matter, JPMorgan’s team believes a second Trump administration would bring significant changes across various policy areas, from foreign relations to domestic regulations.

One of the primary shifts under a Trump 2.0 administration would be a tougher stance on foreign policy,... (continue reading...)

Apple, Meta to Face EU Charges Under New Tech Rules - Reuters Jun 14, 2024 01:49PM (Updated - June 14, 2024 1:49 PM EDT)

Apple (NASDAQ: AAPL) and Meta (NASDAQ: META) are set to face EU charges under newly implemented tech rules - Reuters

• Apple and Meta Platforms will likely face charges for failing to comply with landmark EU rules aimed at reining in their power before the summer.
• The EU commission sees Apple and Meta as priority cases.
• The DMA requires Big Tech to open up space for smaller rivals to compete and make it easier for people to move between... (continue reading...)

BoE to maintain rates steady until after the elections - BofA Jun 14, 2024 06:18AM

Bank of America expects the Bank of England (BoE) to hold rates steady at its upcoming policy meeting, citing a lack of evidence to warrant a cut and the upcoming UK election.

"We expect the Bank of England to keep the Bank Rate and guidance unchanged at next week's policy meeting," predicts BofA. They anticipate a 7-2 vote in favor of holding rates.

The bank's guidance will likely remain focused on upcoming data to assess if inflationary pressures are truly easing,... (continue reading...)

Macron: France facing 'very serious' moment as far-right and far-left lead polls Jun 14, 2024 05:13AM

By John Irish and Elizabeth Pineau

BORGO EGNAZIA, Italy (Reuters) -France is facing a "very serious" moment as parliamentary elections loom, said President Emmanuel Macron on Friday, with financial markets rattled by the country's far-right and far-left political blocs currently leading polls.

Political uncertainty has already triggered a brutal sell-off of French bonds and stocks after Macron unexpectedly called the election, following a... (continue reading...)