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☆ Dollar sees safe-haven gains; sliding yen stays on intervention watch
▼ + stars: | 2024-07-15 | by ( ) www.cnbc.com time to read: +3 min

The risk-sensitive Australian dollar fell 0.18% to $0.6771, while the New Zealand dollar slid 0.35% to $0.6097. Under a Trump presidency, market analysts expect a more hawkish trade policy, less regulation and looser climate change regulations. Against the dollar, the yen was last 0.3% lower at 158.36, having strengthened to a roughly one-month high of 157.30 per dollar on Friday. "The confirmed FX intervention undertaken by the MOF in April and May proved that policymakers are prepared to be canny about choosing the timing of their moves," said Jane Foley, head of FX strategy at Rabobank. "In order to make more 'bang for their buck', FX intervention in quiet conditions or after the release of softer U.S. economic data seems like a sensible move.

Persons: Donald Trump, Jack Ablin, It's, Trump, Rong Ren Goh, Jane Foley Organizations: Trump, Cresset, New Zealand, Eastspring Investments, Cash U.S, Investors, . Bank of Japan, Finance, Analysts, Rabobank Locations: Asia, Japan, U.S, Tokyo

☆ How professional investors are gearing up for the presidential election
▼ + stars: | 2024-07-13 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +5 min

Heading into November's U.S. presidential election, professional investors agree on one strategy — diversification remains key. Diversification to hedge tax rate risk FBB Capital Partners' Mike Bailey said that should former President Donald Trump win, his tax cuts might mean better overall prospects for equities. Bailey emphasized that while his investment strategy avoids predicting macroeconomic events and timing the market, Depending on the election's outcome, there could obviously be different results for investors, investors could find it helpful to look at the extreme outcomes of the election. He recommended diversifying across different asset classes, since higher tax rates could lead to downside in the equity market. "If tax rates change, I don't think bonds are going to move that much, so you're pretty safe on that side," he said.

Persons: Mike Bailey, Donald Trump, Bailey, Tesla, John Davi, we're, Davi, You've, it's, Kumar Organizations: November's U.S, Nasdaq, Federal Reserve, Dow Jones, CNBC Pro, Wall, Capital Partners, CNBC, Astoria, Komal, Sri, Kumar Locations: U.S, —, China, Mexico

☆ Biden and Xi Jinping hold phone call ahead of Yellen's trip to China
▼ + stars: | 2024-04-02 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

President Joe Biden spoke with Chinese President Xi Jinping on the phone Tuesday, a call the White House described as a way for the two leaders to "check in" and responsibly manage the strained U.S.-China relationship. During the call with Xi, the first such phone meeting since July 2022, Biden raised a host of U.S. concerns, according to a White House readout of the call. Specifically, Biden confronted Xi on China's "unfair trade policies and non-market economic practices," the White House said. The last time Biden and Xi met in person was in November, on the sidelines of a summit in Woodside, California. "To take it back to that meeting last November, both President Biden and President Xi agreed that they would try to pick up the phone a bit more," the senior administration official said.

Persons: Joe Biden, Xi Jinping, Xi, Biden, Janet Yellen, Antony Blinken, Yellen Organizations: White, U.S ., Russia, U.S, Treasury, Treasury Department, Trump Locations: U.S, China, Taiwan, Ukraine, November's, Woodside , California, Guangzhou, Beijing, United States, Washington

☆ Markets 'complacent' about the risks of a Trump win, strategist says
▼ + stars: | 2024-01-23 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

Mike Segar | ReutersMarkets are "fairly complacent" about the risks of a second Donald Trump presidency, which could trigger a "tantrum" in long-duration bond markets, according to Guillermo Felices, principal and global investment strategist at PGIM. watch nowSome analysts are also looking ahead through a fiscal and geopolitical lens to November's U.S. presidential election and beyond. 'Fiscal risk' at a time of high deficit The crucial point, Felices acknowledged, is America's deteriorating fiscal position in recent decades. "The market is not really focusing too much on the potential upside risks to yields that are associated with this potential repricing of term premia. [Having] fiscal risks with the sort of deficit that the U.S. is running is a really, really important one that the market will have to come to terms with again."

Persons: Donald Trump, Mike Segar, Guillermo Felices, Felices, Trump, Fitch Organizations: U.S, Republican, New, Reuters, Dow Jones Industrial, Federal, Fed, CNBC, Trump, Bank of England Locations: New Hampshire, Rochester , New Hampshire, U.S

☆ Dollar gains as inflation pressures persist; eyes on c.bank meetings
▼ + stars: | 2022-12-12 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

Against a basket of currencies, the U.S. dollar index eked out a 0.12% gain at 105.18. Traders were also kept on edge in the run up to key risk events this week, including U.S. inflation data and a slew of major central bank meetings. The Bank of England and the European Central Bank (ECB) will also meet this week, and each is likewise expected to deliver a 50 bp rate hike. Ahead of the FOMC meeting, November's U.S. inflation figures are due on Tuesday, with economists expecting core annual inflation of 6.1%. "The market reaction to U.S. inflation surprises has been asymmetric so far in 2022, with downside surprises having a larger effect than upside ones," said analysts at Barclays.

☆ Dollar rises as inflation pressures persist; FOMC meeting in focus
▼ + stars: | 2022-12-12 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

Traders were also kept on edge in the run up to key risk events this week, including a slew of major central bank meetings. The Bank of England and the European Central Bank (ECB) also meet this week, and are likewise expected to each deliver a 50 bp rate hike. Elsewhere, the dollar rose 0.12% against the Japanese yen to 136.73, and against a basket of currencies, the U.S. dollar index eked out a 0.04% gain at 105.09. Ahead of the FOMC meeting, November's U.S. inflation figures are due on Tuesday, with economists expecting core inflation to rise 6.1% year-on-year. "The market reaction to U.S. inflation surprises has been asymmetric so far in 2022, with downside surprises having a larger effect than upside ones," said analysts at Barclays.

The major bourses in Europe also declined as concerns mounted about a global slowdown before a raft of major central bank rate decisions next week. The dollar gained against the euro, yen, British pound and Canadian dollar, among other major currencies. Treasury yields fell, but more at the long end of maturities than the short end, which deepened the inverted yield curve, a market indicator of a looming recession. The dollar rose as investors waited for next week's expected 50 basis points rate hike by the Fed. Euro zone government bond yields fell after two European Central Bank officials signaled inflation and rates may be close to peaking in the run-up to a raft of major central bank decisions.

☆ UBS says recession in 2023 will be an inch deep but a mile wide — and that’s not priced into stocks
▼ + stars: | 2022-11-25 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Global economic conditions will shift next year and that's going to flip which markets and sectors underperform, according to the chief strategist of UBS Investment Bank. Bhanu Baweja told CNBC's "Squawk Box Europe" on Wednesday that between one-third and half of the countries the bank covers globally are facing a recession. "It's an inch deep but it's a mile wide," he said of the expected recession. "Global growth is at 2% and that is not priced into stocks." Baweja pointed to the S & P 500 's underperformance this year so far, down 15.5%, relative to Europe's Stoxx 600 's 9.6% fall.

☆ Biden, campaigning for Oregon's Kotek, warns about Trump's impact on states
▼ + stars: | 2022-10-15 | by ( Jeff Mason | ) www.reuters.com time to read: +2 min

U.S. President Joe Biden speaks about lowering costs for American families during a visit to the East Portland Community Center in Portland, Oregon, U.S., October 15, 2022. Register now for FREE unlimited access to Reuters.com RegisterBiden, a Democrat, praised Kotek as an "articulate, tough, committed woman" and emphasized the stakes of state leadership contests. "As long as Trump controls the Republican Party, he's going to have incredible impact on state legislative bodies," and state government, Biden said at a reception for Kotek. Thirty-six of the 50 U.S. states will elect governors in November's U.S. elections, with potential impact on abortion access, transgender rights, education and future state elections. Register now for FREE unlimited access to Reuters.com RegisterReporting by Jeff Mason; Editing by Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

REUTERS/Marco Bello/File PhotoSept 16 (Reuters) - Thirty-six of the 50 states will elect governors in November's U.S. midterm elections. His opponent is Charlie Crist, a former Republican governor who switched parties and was elected to the U.S. House of Representatives as a Democrat. GEORGIARepublican Governor Brian Kemp faces Democratic nominee Stacey Abrams in a rematch of the state's close 2018 gubernatorial election. If elected, Abrams would be the first Black woman to serve as governor in the United States. MAINERecent opinion polls show Maine Governor Janet Mills, a Democrat, leading her Republican opponent, Paul LePage, who served as governor of the state from 2011 to 2019.

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