US job growth sluggish pre-election but unemployment rate budges
Friday’s non-farm payroll release was a mixed bag but analysts were encouraged by the drop in unemployment levels.
Friday’s non-farm payroll release was a mixed bag but analysts were encouraged by the drop in unemployment levels.
American shares have broadly dipped as investors brace themselves for the possibility of an unexpected election victory by a certain real estate tycoon.
European investors have been rather apathetic about US equities for an extended period. This is unlikely to change if Hillary Clinton wins the presidential elections. A Trump win, however, will probably prompt a pronounced shift in sentiment.
New US investors in gold increased by 81% over the month of October as the price of bullion fell to its lowest level since April at $1266 per ounce.
BlackRock has identified a higher correlation between equity and bond prices and the US election as the greatest worries in the short-term.
Nomura Asset Management’s (NAM) Richard Hodges is braced for what he believes is the biggest potential risk currently facing global markets – a victory for Donald Trump.
If Donald Trump gets elected to the US presidency, this could turn out to be a blessing for the nation’s economy according to some fund managers, but others are worried.
The FTSE 100 slid 1.2% to 6822 on Monday morning as widespread negative sentiment hit shares across the board.
The Federal Reserve’s decision announced last night to keep rates on hold has left investors waiting to see the outcome and market impact of the Presidential election before a rate rise is put back on the agenda.
Both of the main candidates in the United States Presidential election have been talking about increasing spending on infrastructure if they win, and investors could profit by targeting the asset class.
Franklin Templeton’s investment teams have adopted a defensive, “buckle-up” attitude to counter populist fervour in developed markets, but remain encouraged by the resilience and relative political stability of emerging markets.