In First 100 Days, Biden Maps Big Changes to Economy
The technology, health care, industrials, and utilities sectors could be impacted by Biden’s legislative agenda, writes T. Rowe Price analyst Katie Deal.
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APRA Policy Set to Elevate Climate Change
A major policy proposal from APRA will see insurers and superannuation funds elevate the impact of climate change to rank alongside credit risk, underwriting risk and liquidity risk.
Read MoreThe Oldest President with the Ambition of the Youngest
As Fidelity’s Tom Stevenson explains in his regular column, Joe Biden is America’s oldest ever president who, in the end, has to persuade someone to pick up the tab for his youthful ambition.
Read MoreWall Street Higher as Biden, Harris Take Charge
Wall Street has greeted the inaugurations of Joe Biden and Kamala Harris with another record-breaking performance on Wednesday, adding to the surge that has driven stocks to new highs since the November 3 poll wins.
Read MoreChanging of the Guard Means Closer Scrutiny for US Companies
After four years of no-touch regulation under Donald Trump, American financial markets have suddenly realised they face four years of close attention from a bunch of new overseers promoted by President-elect Joe Biden.
Read MoreInauguration Inflation
With Joe Biden sworn in as America’s 46th president on Wednesday, he needs to shift the focus from his predecessor’s graceless departure to the huge economic challenge ahead.
Read MoreMoody’s Reacts Positively to Biden Package
Credit rating group, Moody’s has given an upbeat and thumbs up approval for the Biden package. Moody’s chief economist, Mark Zandi reckoned it will boost US growth this year to 5% or better, and the same in 2022.
Read MoreBiden Announces $US1.9t Rescue Plan
President-elect Joe Biden will ask Congress to spend $US1.9 trillion on a new economic rescue plan as the pace of COVID-19 infections and deaths shows no sign of easing soon and the US economy starts tipping towards another slowdown.
Read MoreJapan has trailblazed on economic stimulus, to not much avail
Will Japan under Suga try the reflationary option Abe didn’t?
Read MoreBrexit Talks Are About How Abrupt The Final Break Will Be
No option removes the existential threats to the UK stirred by its EU departure.
Read MoreBiden Vs Trump – The US Presidential Election Is Looming As The Next Big Event For Investors
The US election has significant potential to add to volatility in investment markets. A Trump victory will mean more of the same and would likely initially be more positive for US than global and Australian shares. By contrast a Biden victory may add to short-term volatility but this is likely to be short-lived as there is no reason to expect a weaker economy and hence share market under a Biden presidency and he is likely to take a less disruptive approach to trade and foreign policy.
Read MoreKohler’s Charts – The US Election
There’s only one thing that matters this week: the US Presidential election. And we are in the topsy turvy world where the markets, and business people, are worried that the Republicans might win … because their candidate is one Donald Trump, who could do anything, and probably will.
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