Betting markets favor Democratic presidential candidate Joe Biden over Republican President Donald Trump in November's U.S. election, though the odds between them have narrowed during the last week, two betting market aggregators said.
Aug 5 The U.S. coronavirus relief bill currently
under debate is likely to come in at about $1.5 trillion and
will be aimed at sustaining current levels of economic activity
rather than boosting them, TS Lombard Chief U.S. Economist
Steven Blitz said.
U.S. equities will not revisit the lows hit in March 2020, but the next big correction in stock markets could be triggered by corporate defaults, Mohamed El-Erian, chief economic adviser at Allianz SE , said on Tuesday.
Risks from skyrocketing valuations of U.S. technology stocks are "extremely" high, and investors should look for value in U.S. small caps and international equities, Leo Kelly, founder and president of Verdence Capital Advisors, said on Wednesday.
Foreign investment in Latin America risks "drying out" due to economic turmoil and fiscal instability sparked by the COVID-19 pandemic, especially if Chinese-led commodity demand remains weak, a former Colombian finance minister said on Tuesday.
The suspension of soccer leagues across Europe due to the COVID-19 pandemic will see overall player value drop by 6.6 billion euros ($7.5 billion), or about 18%, in the transfer market, KPMG's global head of sports Andrea Sartori said.
LONDON/BENGALURU The European Union's 750 billion euro recovery fund plan is not a game changer as the level of debt alleviation for the likes of Italy are likely to be marginal, a PIMCO lead sovereign credit research analyst said on Thursday.
LONDON/BENGALURU, May 28 The European Union's
750 billion euro recovery fund plan is not a game changer as the
level of debt alleviation for the likes of Italy are likely to
be marginal, a PIMCO lead sovereign credit research analyst said
Trading in options on Wall Street's fear gauge was impossible in the first minutes of Monday's session due to an absence of prices from the market makers on whom trading depends, a representative of index operator CBOE Global Markets Inc said.
Fears about the future of energy assets have led to a sell-off, but this has created "very good opportunities" for the Carlyle Group, its founder, David Rubenstein, said on Thursday.