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The first line of the note reads: "We estimate the S & P 500 will deliver an annualized nominal total return of 3% during the next 10 years." For starters, nobody knows what the coming decade has in store for the S & P 500. Valuation: Yes, the S & P 500 is currently trading at a historically high multiple. Going out on a limb and making market calls or calls about individual stocks is not for the faint of heart. The S & P 500 has more than doubled since then, advancing about 135%, which amounts to that roughly 13% annual return that Kostin mentioned in his note.
Persons: David Kostin, Kostin, Goldman, it's, Jim Cramer, Stanley Black, Decker, That's, Jim, It's, Goldman Sachs, we're, Jim Cramer's, Brendan McDermid Organizations: Goldman, Goldman Sachs Chief U.S, Equity, Treasury, Nvidia, Federal Reserve, U.S, Jim Cramer's Charitable, CNBC, New York Stock Exchange Locations: Goldman Sachs, U.S, Wells
Both have opined that the rally on Wall Street underscores a growing belief that former President Donald Trump will win on Nov. 5. However, I don't yet believe that Wall Street and Pennsylvania Avenue have intersected just yet. Indeed, if the stock market is anticipating a Trump victory, what might the bond market and gold market be telling us, assuming they expect the same outcome? Are those markets telling us a Trump victory would lead to higher inflation and bigger fiscal deficits? Those betting on a Trump win would be loath to say so if they follow the messages of multiple markets.
Persons: Stanley Druckenmiller, Dan Loeb, Donald Trump, Loeb, it's, Dow Jones, Kamala Harris, Trump, Ron Insana Organizations: Senate, Dow Jones, Nasdaq, Federal Reserve, Atlanta, Dow, Taiwan Semiconductor Manufacturing, Nvidia, European Central Bank, Trump, stoke, Democratic, Pennsylvania, CNBC Locations: U.S
Planning the local stops now can be as labor-intensive for campaign staff as putting on a full event, the sources said. The limitations on local stops is the new reality as both candidates race across battleground states in what polling has shown to be a contest that hangs within the margin of error. “In order to maintain operational security, the U.S. Secret Service does not discuss the specific means and methods used to conduct its protective operations. However, in this increased threat environment, the Secret Service is constantly adjusting our protective posture to ensure the highest levels of protection at all times and in all places,” U.S. Secret Service spokesperson Special Agent Matt Young said in a statement to NBC News. The McDonald's was closed for normal business, and the cars that went through the drive-thru were pre-selected and screened by Secret Service in advance.
Persons: Kamala Harris, Donald Trump’s, they’ve, , Harris, typify, Matt Young, , Trump, Sen, JD Vance, Ohio, ” Vance, That’s, Vance, he’ll, Joe Biden, Charlemagne Tha God Organizations: Secret Service, Trump, Secret, NBC News, Service, bodega, Fox Locations: U.S, Butler , Pennsylvania, Harlem, Pennsylvania, Williamsport , Pennsylvania, Michigan, Detroit
The five men who make up the Central Park Five, and now call themselves the Exonerated Five, have filed a defamation lawsuit against Donald Trump over his remarks during the presidential debate last month. And I said, well, if they pled guilty they badly hurt a person, killed a person ultimately. And if they pled guilty — then they pled we’re not guilty." Further the victims of the Central Park assaults were not killed." In their trials, they were charged with the assault of the female jogger as well as other assaults and robberies that occurred in Central Park.
Persons: Donald Trump, Trump, — Antron McCray, Kevin Richardson, Yusef Salaam, Raymond Santana, Korey Wise —, , we’re, Trump’s, Steven Cheung, Kamala Harris’s, ” Shanin Specter, Organizations: Central, New, Eastern District of Pennsylvania, Salaam, Member Locations: Pennsylvania, Central Park, New York, Eastern District
“Black maternal health and reproductive health has to be a conversation that I hear from any candidate for me to be on board to vote for them,” she said. Black women in the U.S. also face greater risks bearing children. “The landscape for reproductive health for Black women has gotten far more dangerous in the last two and a half years,” she said. When asked, the Harris campaign did not point to specific policies on Black maternal health. Desta-Bell said she’s found growing interest from voters about the state of Black maternal health and reproductive justice.
Persons: Francisca Shaw, , ” Shaw, Kamala Harris, Republican Donald Trump, Amber Thurman, Shaw, , . Georgia —, Leah Wright Rigueur, Regina Davis Moss, Harris, Joe Biden, ” Davis Moss, Harris ’, Nikema Williams, Hank Johnson, Sen, Jon Ossoff, Jacquelyn Martin, Biden, Keisha Lance Bottoms, Trump, Janiyah Thomas, Nadia Brown, Joyce Drayton, , Drayton, ProPublica, Candi Miller, Thurman, Naomi Desta, Bell, They’ve, she’s Organizations: Seattle’s University of Washington Medical Center, Reuters, University of Washington Medical Center, Democratic, Republican, Facebook, Supreme, Centers for Disease Control, Johns Hopkins University, Senate, Georgia Democratic Party, Georgia, Georgetown University, Georgia Black Republican Council, Republican Black, Women’s Health Locations: Georgia, U.S, Atlanta , Georgia, United States, . Georgia, Michigan, Atlanta, Florida, Desta
The Biden administration is proposing a rule that would provide women with private insurance access to over-the-counter birth control pills and other contraceptives at no cost, the White House said on Monday. “This rule, once finalized, will expand contraception coverage for 52 million women of reproductive age with private health insurance,” White House Gender Policy Council Director Jennifer Klein said during a briefing. “For the first time ever, women would be able to obtain over-the-counter contraception without a prescription at no additional cost, and health plans would have to cover even more prescribed contraceptives without cost sharing,” she said. Perrigo Co.’s Opill is currently the only daily birth control pill approved for sale without a prescription by the Food and Drug Administration, but the proposed rule covers other forms of over-the-counter contraceptives, including emergency contraception such as morning after pill Plan B, spermicides, birth control sponges, and condoms. The rule will also require that health plans cover all FDA-approved contraceptive drugs and some devices, including IUDs, without cost sharing in many cases.
Persons: Biden, Jennifer Klein, , Perrigo, Roe, Wade, Kamala Harris, Donald Trump Organizations: Affordable, of Health, Human Services, Labor, Treasury, Gender, Food and Drug Administration, Democratic, Republican Locations: U.S
The U.S.-based cleric Fethullah Gulen, who built a powerful Islamic movement in Turkey and beyond but spent his later years mired in accusations of orchestrating an attempted coup against Turkish leader Reccep Tayyip Erdogan, has died. Since the failed coup, his movement has been systematically dismantled in Turkey and its influence has declined internationally. Soon after the 2016 coup, Erdogan described Gulen’s network as traitors and “like a cancer”, vowing to root them out wherever they are. The Turkish government said its actions were justified by the gravity of the threat posed to the state by the coup. Gulen had travelled to the United States for medical treatment but remained there as he faced a criminal investigation in Turkey.
Persons: Fethullah Gulen, Reccep Tayyip Erdogan, Gulen, Erdogan, , Erdogan’s Organizations: U.S, AK Party, Prosecutors, Gulen, Reuters Locations: Turkey, U.S, United States, Turkish, Erzurum, Edirne, Izmir, Turkey’s, Central Asia, Balkans, Africa, Gulen, Ankara, Pocono
Yet he isn’t all that impressed with Obama, the nation’s first Black president, nor Harris, who would be the second. “He’s only gaining support with Black men.”Democrats have been unnerved by recent polls that show Harris’ numbers sagging among Black voters, particularly young Black men. At a pair of rallies in Tucson and Las Vegas in recent days, Obama drew thousands of cheering supporters, though the turnout among young Black men appeared sparse. He came to hear Obama speak and as he stood in line for the event on campus, he said he didn’t see Obama as a figure who would be especially influential with young Black men. Trump is a white 78-year-old, but he possesses a “charisma” that some younger Black men find appealing, he added.
Persons: Kamala Harris, Charles Johnson, Johnson, Barack Obama, Obama, Harris, Donald Trump, Trump, ” Johnson, “ He’s, Black, he’ll, podcasters, Ronald Reagan, Joe Biden, David Plouffe, , , Joel Benenson, pollster, ‘ You’ve, , It’s, Henry Louis Gates Jr, he’s, Lauren Hitt, Miles Covington, hasn’t, didn’t, ” Covington, “ They’re, He’s, Stephen A . Smith, Obama isn’t, Biden, JB Pritzker, ” Pritzker, “ I’ve, Kalid Meky, Meky, Harris ’, ” “ Obama, “ I’m, Kamala Organizations: Democratic, University of Arizona, Black, Trump, Emerson College, Obama, Black Harvard University, White House, New York Times, Siena College, Harris —, Illinois Locations: TUCSON, Ariz, America, Tucson, Las Vegas, Pittsburgh, Harris, , California, Central Park
Workers clean a street as smoke rises from a destroyed building that was hit by an Israeli airstrike in Dahiyeh, in the southern suburb of Beirut, Lebanon on October 20. Here’s what happened this weekend:• Airstrikes hit Beirut: Israeli airstrikes hit multiple branches of a Hezbollah-linked financial institution in Beirut on Sunday. The Israeli military had warned it planned to strike locations belonging to the Al-Qard Al-Hassan Association to block Hezbollah’s access to financial resources. • Lebanon death toll keeps rising: The death toll from Israeli strikes in Lebanon since September 16 has passed 1,800, according to a CNN tally of ministry figures. • Devastation in northern Gaza: An Israeli strike on northern Gaza killed at least 87 people, the enclave’s health ministry said, with graphic footage showing children among the dead.
Persons: Hussein Malla, Qard Al, Israel’s, Netanyahu’s, • Israel, Yoav Gallant, Organizations: Hassan Association, CNN, Locations: Dahiyeh, Beirut, Lebanon, Iran, Israel, Gaza
Bitcoin at 3-month high as Trump odds drive currencies
  + stars: | 2024-10-21 | by ( ) www.cnbc.com   time to read: +3 min
Cryptocurrency bitcoin hit a three-month high in early Asia trading on Monday and the dollar looked set to extend its gains in markets counting down to the U.S. presidential election in two weeks. Bitcoin got a lift from Trump's improving prospects since his administration is seen as taking a softer line on cryptocurrency regulation. The clearest way to express the Trump tariff risk was to be long dollars versus the euro, Swiss franc and Mexican peso , he said. Brad Bechtel, global head of FX at Jefferies, also noted that rising real interest rates were helping the dollar along, particularly against those three currencies. "We expect this trend to continue straight into the election and if Trump wins, likely well after the election as well," Bechtel wrote.
Persons: Cryptocurrency bitcoin, Donald Trump, Bitcoin, Chris Weston, Pepperstone, Weston, Brad Bechtel, Bechtel Organizations: U.S, Trump, China, BTC, Swiss, FX, Jefferies Locations: Asia, U.S
CNN —Moldova’s crucial referendum on joining the European Union is too close to call, partial results showed Monday, as President Maia Sandu condemned an “unprecedented assault” on the country’s democracy. With just over 1.4% of ballots still to be counted, 50.2% had voted “yes” in the referendum, according to the country’s Central Election Commission. The tight margin would come as a blow to Sandu, who had been hoping for a clear endorsement of the pro-EU path she has charted during her first presidential term. Vadim Ghirda/APCNN reported last week on the efforts of a Kremlin-linked network, spearheaded by the exiled Moldovan oligarch Ilan Shor, to buy votes in Moldova, aiming to sway the results of the EU referendum. If other pro-Russian parties and voters throw their support behind Stoianoglo, the November 3 run-off could be extremely tight.
Persons: CNN —, Maia Sandu, Sandu, ” Sandu, Vadim Ghirda, Ilan Shor, Shor, Alexandr Stoianoglo – Organizations: CNN, European, Commission, EU, Moldovan, AP CNN, Russian Party of Socialists Locations: European Union, Soviet, Hrusevo, Moldova
The central bank of the People's Republic of China is responsible for formulating and implementing monetary policies, preventing and defusing financial risks and maintaining financial stability. Asia-Pacific markets were mixed Monday as traders awaited China's loan prime rate announcement, with focus also on Japan's general election at the end of this week. China's central bank is expected to cut the one-year and five-year LPRs by 20 basis points, according to a note by ING and echoing the statement made by People's Bank of China Governor Pan Gongsheng on Friday. "Data aside, it is worth monitoring if there are potential further government ministry briefings or a potential announcement of the timing for the National People's Congress meeting in the week ahead, as stimulus rollout remains a major theme for markets," ING said. Other key economic data this week will include October inflation figures for Japan's capital city of Tokyo, as well as advance third-quarter GDP figures from South Korea.
Persons: Pan Gongsheng Organizations: ING, People's Bank of China, National People's Locations: People's Republic of China, Asia, Pacific, Tokyo, South Korea
Republican presidential nominee, former U.S. President Donald Trump delivers remarks during a campaign rally at the Cobb Energy Performing Arts Centre on October 15, 2024 in Atlanta, Georgia. Five men who were wrongfully convicted as teenagers in the so-called Central Park Five jogger rape case sued Donald Trump on Monday, saying the Republican presidential nominee defamed them by claiming they killed someone and pleaded guilty. The lawsuit, filed in federal court in Philadelphia, cites several statements Trump made about the men during his Sept. 10 debate with Democratic nominee Kamala Harris. "Defendant Trump falsely stated that Plaintiffs killed an individual and pled guilty to the crime. Further, the victims of the Central Park assaults were not killed," the complaint said.
Persons: Donald Trump, Trump, Kamala Harris, Defendant Trump, Plaintiffs, Yusef Salaam, Raymond Santana, Kevin Richardson, Antron Brown, Korey Wise Organizations: Cobb Energy Performing Arts Centre, Democratic, New, New York City Council, CNBC Locations: Atlanta , Georgia, Philadelphia, New York
Moldovan citizens living in Moscow are seen queuing to vote at a polling station during the 2024 Moldovan elections in Moscow, Russia on October 20, 2024. Moldovans headed to the polls on Sunday for a presidential election and a referendum on EU membership with the votes being held under the shadow of the ongoing struggle between the West and Russia over Moldova. Moldova's political destiny was hanging in the balance on Monday after key votes on whether to embrace a future with Europe, or to remain within Russia's orbit. Since the breakup of the Soviet Union in 1991, it has seesawed between pro-Russia and pro-Europe governments, such as President Sandu's current administration. Formal talks on joining the bloc already began in June, but the — non-legally binding — referendum of Sunday was seen as cementing Moldova's pro-EU trajectory.
Persons: Maia Sandu, Alexandr Stoianoglo, Sandu's Organizations: West, European Union, Moldova's, Commission, CNBC, Russia Locations: Moscow, Russia, Moldova, Europe, Soviet, Ukraine, Romania, Soviet Union
China on Monday lowered its main benchmark lending rates by 25 basis points at the monthly fixing. The one-year loan prime rate (LPR) has been cut to 3.1%, while the five-year LPR has been trimmed to 3.6%, the People's Bank of China (PBOC) said. The one-year LPR influences corporate loans and most household loans in China, while the five-year LPR serves as a benchmark for mortgage rates. China's central bank governor Pan Gongsheng had indicated on Friday during a forum held in Beijing that the loan prime benchmark rates would be lowered by 20 to 25 basis points. The seven-day reverse repurchase rate will be cut by 20 basis points, while the medium-term lending facility rate will be lowered by 30 basis points, Pan also highlighted.
Persons: LPR, Pan Gongsheng, Pan, Shane Oliver, Zhiwei Zhang, — CNBC's Evelyn Cheng Organizations: People's Bank of China, AMP Locations: China, Beijing
European markets are heading toward a mixed start to the new trading week. The U.K.'s FTSE 100 index is expected to open 17 points higher at 8,373, Germany's DAX down 12 points at 19,644, France's CAC up 1 point at 7,611 and Italy's FTSE MIB up 55 points at 35,087, according to data from IG. Regional markets had ended last week on a high note after the European Central Bank announced its third interest rate cut of the year last Thursday, lowering the deposit rate by another 25 basis points, as inflation risks in the European Union are seen to be easing faster than anticipated. Overnight, Asia-Pacific markets were mixed as traders assessed China's loan prime rate announcement, with focus also on Japan's general election at the end of this week. Stateside, stock futures ticked higher Sunday night after the Dow Jones Industrial Average and S&P 500 notched their best weekly win streaks of 2024.
Persons: Germany's DAX Organizations: France's CAC, IG, Regional, European Central Bank, Dow Jones Industrial Locations: European Union, Asia, Pacific
Washington CNN —Vice President Kamala Harris often touts how she took on the “big banks” as attorney general of California to deliver mortgage relief to homeowners hit by the 2008 foreclosure crisis. The oft-repeated story references how Harris helped negotiate a multistate mortgage settlement with five of the nation’s biggest banks that delivered financial relief to homeowners and set standards for lenders. Harris also secured a separate agreement with three of the banks, guaranteeing a certain amount of relief for California homeowners. Mortgage relief for homeownersAs a result of the national settlement, mortgage relief was delivered to homeowners in several different forms, such as principal reductions, interest rates cuts, other kinds of loan modifications or short sales. There were also some direct payments sent to people who wrongfully lost their homes to foreclosure, according to the National Mortgage Settlement website.
Persons: Kamala Harris, Harris, It’s, , , Joe Biden’s, Beau Biden, Jamie Dimon, Ira Rheingold, Katie Porter, Irvine –, ” Rheingold, Lisa Sitkin, Sitkin, servicer Organizations: Washington CNN —, Democratic National Convention, , JPMorgan Chase, National Association of Consumer Advocates, Mortgage, National Mortgage, University of California, Irvine, National Housing Law, Consumer Financial, Bureau Locations: California, Delaware
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The yield on the 10-year Treasury rose about 4 basis points to 4.112%. The yield on the 2-year Treasury was up about 2 basis points to 3.979%. The U.S. 10-year Treasury yield rose above 4.11% on Monday as investors awaited a flurry of speeches from Federal Reserve policymakers. Dallas Fed President Lorie Logan, Minneapolis Fed President Neel Kashkari, Kansas City Fed President Jeff Schmid and San Francisco Fed President Mary Daly are all expected to deliver remarks on Monday as investors await clues on the Fed's monetary policy outlook. The Federal Open Market Committee took the unusual step last month of lowering its baseline interest rate by a half percentage point, or 50 basis points, to a target range of 4.75% to 5%.
Persons: Lorie Logan, Neel Kashkari, Jeff Schmid, Mary Daly, Christopher Waller, Waller, , Jeff Cox Organizations: Treasury, Federal Reserve, U.S, Dallas, San Francisco Fed, Market Locations: U.S, Minneapolis, Kansas
CNBC Daily Open: Everyone’s watching Netflix shares
  + stars: | 2024-10-21 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. That's the longest streak this year for the S&P 500 and Dow Jones Industrial Average , both of which hit record highs. Watching Netflix sharesNetflix shares popped 11% on Friday, a day after the company reported third-quarter results that beat earnings, revenue and paid membership estimates. For investors looking to secure a steady stream of income still, Morgan Stanley recommends considering dividend income stocks, and picks 10 dividend stocks from Asia-Pacific, excluding Japan, for its "conviction list."
Persons: Pan Gongsheng, Morgan Stanley Organizations: CNBC, Dow Jones, CSI, People's Bank of, Netflix, Boeing Locations: Asia, Pacific, People's Bank of China, Japan
Investors are turning their attention to third-quarter earnings season, with 21% of S&P 500 companies set to report this week. Bank of America said that company executives are striking an optimistic tone on earnings calls. The decline on Monday comes as third-quarter earnings season nears its peak, with more than 100 S&P 500 companies set to report results this week, including Coca-Cola, Tesla, Boeing, and UPS. Bank of America strategist Savita Subramanian said that company executives are striking an optimistic tone on earnings calls. Analysts have been feeling bullish on the stock's prospects for further gains amid big demand for its new Blackwell chips.
Persons: , Savita Subramanian, Subramanian, Blackwell, Fedspeak Organizations: Bank of America, Service, Nasdaq, Dow Jones, Boeing, UPS, Bank of America . Bank of America, PMI, Here's
The interjection came as King Charles and Queen Camilla visited the Australian capital Canberra to meet the nation’s leaders, including Prime Minister Anthony Albanese. Australian Senator Lidia Thorpe stages a protest as Britain's King Charles and Queen Camilla attend a Parliamentary reception in Canberra, Australia on October 21, 2024. “Throughout my life, Australia’s First Nations people have done me the great honor of sharing so generously their stories and cultures,” King Charles said. Before she yelled at the King, Thorpe turned her back during a recital of “God Save the King,” Australian media reported. King Charles III and Queen Camilla take part in a tree planting at Government House in Yarralumla on October 21, 2024 in Canberra, Australia.
Persons: Australia CNN — Britain’s King Charles III, , , Lidia Thorpe, King Charles, Queen Camilla, Anthony Albanese, Victoria Jones, Australia’s, ” King Charles said, King Charles III, Ngunnawal Elder, Serena Williams, Saeed Khan, Thorpe, Queen Elizabeth II, Dorinda Cox, Thorpe’s, Hephner, Brook Mitchell, Chloe Pailthorpe, Albanese, King, CNN’s Angus Watson Organizations: Australia CNN, Reuters, Nations, House, Defence, Fairbairn, Canberra Airport, British Crown, State, CNN, Greens, , Australian Monarchist League, Getty, Agence France, Presse, Botanic, Sydney, Opera, Government Locations: Brisbane, Australia, Canberra, British, Commonwealth, Sydney, Yarralumla, AFP, Samoa
Analyst Nick Lai, who has an overweight rating on the Chinese electric vehicle maker, added Xpeng to the Wall Street bank's positive catalyst watch list in a 17-page report out Sunday. This comes amid JPMorgan's forecast that EREVs and plug-in hybrid electric vehicles combined will make up about 60% of the new energy vehicle market by 2030 – almost double last year's figure. Another event that could drive the stock higher is Xpeng's third-quarter results next month, which Lai thinks will show expanded gross profit margins. Heading into 2025, Xpeng should see more volume growth, JPMorgan said, with the bank forecasting 72% volume growth in 2025. As a result, Xpeng should see positive free cash flow next year and a profit in 2026, according to Lai.
Persons: Nick Lai, Lai, BEV, , Max, Mona, Xpeng, they've Organizations: JPMorgan Locations: 4Q24, 1Q25, Xpeng
CNN —It’s been over seven years since the NFL star Aaron Hernandez was found dead by suicide in his prison cell at the age of 27. Now, it is the subject of FX’s limited series, “American Sports Story: Aaron Hernandez,” a dramatized retelling of the athlete’s peaks and traumas, including head injuries. 2006: Dennis Hernandez, the father of 16-year-old Aaron Hernandez, dies due to complications from a routine hernia surgery. New England Patriots tight end Aaron Hernandez loosens up before a preseason exhibition game against the New Orleans Saints at Gillette Stadium. September 17, 2024: FX debuts “American Sports Story: Aaron Hernandez,” a 10-episode series inspired by Hernandez’s life and based on The Globe’s “Gladiator” series.
Persons: CNN — It’s, Aaron Hernandez, , , Dennis Hernandez, Hernandez, Urban Meyer, Tim Tebow, John Mackey, Bill Belichick, Tom Brady, Rob Gronkowski, Aaron Hernandez loosens, Barry Chin, Daniel de Abreu, Safiro Furtado, Odin Lloyd, Lloyd, Hernandez’s, Shayanna Jenkins, Carlos Ortiz, Ernest Wallace, Hernandez’s fiancée, Jenkins, Ortiz, Wallace, de Abreu, Furtado, John Tlumacki, Alexander Bradley, Bradley, , Jose Baez, Pat Greenhouse, Prosecutors, what’s, vacates, Jonathan “ DJ ” Hernandez, Aaron Organizations: CNN, NFL, Super Bowl, Bristol Central High School, Connecticut Gatorade Football, University of Florida, Gators, football’s, Gator, New England Patriots, Florida, Pro, New, New Orleans Saints, Gillette, Boston Globe, Super, New York Giants, Patriots, Nissan, Police, Bristol County Sheriff’s Department, Seattle Seahawks, Prosecutors, Associated Press, Getty, Massachusetts Department of Correction, Boston University CTE Center, Attorney’s, Boston, Football Inc Locations: Florida, New Orleans, Cape Verde, Boston, North Attleboro , Massachusetts, Bristol, Fall River , Massachusetts, Massachusetts, Worcester County, CTE
Gold rose to a fresh high on Monday, extending its blazing rally amid uncertainties surrounding the U.S. election, simmering Middle East tensions and rate cuts by major central banks, while silver scaled a near 12-year peak. Gold rose to a fresh high on Monday, extending its blazing rally amid uncertainties surrounding the U.S. election, simmering Middle East tensions and rate cuts by major central banks, while silver scaled a near 12-year peak. Helped by bullion's rally, spot silver rose 1.3% to $34.08 per ounce, its highest since late 2012. Elsewhere, traders are pricing in a 99% chance of a U.S. Federal Reserve interest rate cut in November. The European Central Bank cut interest rates by a quarter point last week.
Persons: Tim Waterer, Donald Trump, Kamala Harris, Waterer Organizations: bullion's, KCM Trade, Investors, U.S, Federal, European Central Bank, Palladium Locations: China, Beirut, Israel
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