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In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRBC's Gerard Cassidy names Bank of America and JPMorgan as his top picks in bankingGerard Cassidy, RBC Head of U.S. Bank Equity Strategy, joins 'Closing Bell' to discuss bank stocks rallying as treasury yields fall.
Persons: RBC's Gerard Cassidy, Gerard Cassidy Organizations: Bank of America, JPMorgan, RBC Head, U.S . Bank Equity
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCustomers paying in cash to avoid the impact of higher rates: RBC Capital's Lori CalvasinaLori Calvasina, RBC head of U.S. equity, joins 'Squawk on the Street' to discuss the current market environment, what investors will buy first in this market, and how earnings play into Calvasina's market thesis.
Persons: Lori Calvasina Lori Calvasina Organizations: RBC
RBC's Gerard Cassidy previews bank stocks ahead of earnings
  + stars: | 2023-10-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRBC's Gerard Cassidy previews bank stocks ahead of earningsGerard Cassidy, RBC Head of U.S. Bank Equity Strategy, joins 'Closing Bell: Overtime' to preview bank earnings.
Persons: RBC's Gerard Cassidy, Gerard Cassidy Organizations: RBC Head, U.S . Bank Equity
Dollar slips near seven-month lows after jobs data
  + stars: | 2023-01-09 | by ( Amanda Cooper | ) www.reuters.com   time to read: +4 min
But, with consumer inflation data due later this week, it's the outlook for price pressures that is still front and centre for investors. The dollar index , which measures the U.S. dollar against six major currencies, was last down 0.1% at 103.62, having fallen 1.15% on Friday as investors shifted into riskier assets. However, the labour market is still tight and likely to deter the Fed from slowing down any time soon, analysts said. The Japanese yen was the outlier among the major currencies, easing 0.2% to 132.33 per dollar. Optimism over a swift economic recovery sent China's offshore yuan towards five-month highs against the dollar on Monday.
Election nights and morning-afters are becoming wild times in the stock market as traders track the results race by race or county by county and assess the implications. That could continue Wednesday as it was too early to determine whether Democrats or Republicans will end up with control of the House of Representatives or the Senate. Also positive for stocks is the potential for divided government, with Democrats in control of the White House and Republicans holding at least one house of Congress. Republicans could still control Congress, but on Tuesday that wave was well short of what they, and many pundits, had expected. Dozens of races haven't been called, and it's possible that the Georgia Senate race will go to a runoff election.
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