The minutes of the meeting showed that Bank of Japan members favored raising interest rates if the economic and price growth targets are achieved.
The Bank of Japan released the minutes of its meeting on Wednesday September Monetary Policy MeetingThis suggests that members are largely in agreement to raise interest rates if the economy and price growth are in line with expectations.
The bank expects the economy to continue growing above potential and has set an inflation target of 2%.
at the end September Policy Meetingthe Bank of Japan kept interest rates steady at 0.25%.
Members said that Japan’s economic development is generally consistent with the outlook for July 2024, with wages continuing to rise and consumption growing.
— Dylan Butts
CNBC Pro: These 3 stocks to buy regardless of election outcome, analysts say
as a result of one of America’s most hotly contested election Once in, investors rush to build positions for the most likely outcome.
Shelby McFaddin, senior analyst at Motley Fool Asset Management, said she expected volatility this week but “limited impact on long-term investing as the market awaits real policy impact.”
She told CNBC’s “Street Signs Asia” on Nov. 5 that any bets made before the final results are known are “pure speculation.” “Regardless of the potential for the government to increase infrastructure spending, inflation remains a concern.”
Looking back at the election results, McFaddin listed three stocks she likes right now.
CNBC Pro subscribers can read more here.
— Amala Balakrishna
CNBC Pro: No matter who wins, these two stocks beat the S&P 500 in November election
Two stocks outperforming the market S&P 500 Index According to a study by CNBC Pro, the election has been held every November for the past three decades — regardless of the outcome.
CNBC Pro screens for stocks in the MSCI World Index that are rising above average right now S&P 500 Index Its losses have been lower than the index in November of every election year since 1988. In 36 years, four Republicans and five Democrats were elected to the White House.
CNBC Pro subscribers can read about Here are two stocks.
— Ganesh Rao
Strategists say it will be crucial to keep an eye on the dollar on Tuesday night
David Zervos, chief market strategist at Jefferies, said investors should keep a close eye on the dollar on Tuesday night.
“It’s going to be the most liquid and transparent information that we have the market take action on because people can put money there quickly. Obviously it’s going to be difficult to put money into anything like credit. Bonds are not going to be Liquidity,” he said Tuesday morning on CNBC’s “Money Movers.” “In times of stress, we turn to the dollar, at least temporarily, especially if there is global pressure, even U.S.-led pressure.”
Investors widely expect the dollar to strengthen if Trump is re-elected as president. Zervos added that many in the speculative community are betting on dollar trade with China as a trade that Trump wins.
—Lisa Kelley Han
Citibank’s Scott Cronut says investors should sell stocks that rise on Trump or buy stocks that fall on Harris
Investors should sell on a potential market rebound if: trump card Citibank’s Scott Chronert said he won the election.
“You’re starting from a fairly broad valuation environment based on very strong earnings growth going forward into 2025,” the bank’s U.S. equity strategist told CNBC.quack in the street” Tuesday. “What we worry about is that once Trump wins, you introduce tariffs into the discussion… (and) as we take action on tariffs, the growth expectations for 2025 become more questionable.
On the other hand, if Harris Chronert said investors should consider buying in anticipation of market declines.
“It really comes down to Trump and tariffs and Harris and taxes,” he said.
— Sean Conlon
Goldman Sachs says oil markets could face volatility if Trump wins
Goldman Sachs said a second Trump administration is more likely to bring volatility to the oil market.
Donald Trump is likely to tighten sanctions on Iran, reducing Iranian supplies and putting upward pressure on prices in the near term, the investment bank told clients in a note on Monday.
Oil prices rose about 1% as U.S. voters headed to the polls. U.S. crude oil As of 8:56 a.m. ET, oil prices rose 35 cents, or 0.49%, to $71.82 a barrel. global benchmark Brent Crude oil futures rose 33 cents, or 0.44%, to $75.41 a barrel.
Yulia Zhestkova Grigsby, vice president of commodities research at Goldman Sachs, told clients in a note on Monday: “Conceptually, the impact of a potential Trump re-election on oil prices The impact is ambiguous.”
However, Goldman Sachs said that in the medium term, a second Trump administration could escalate trade tensions through tariffs, putting downward pressure on global oil demand and prices.
— Spencer Kimball
Nomura says stocks could suffer post-election selloff
Nomura Securities strategists believe there could be a sell-off in stocks after the U.S. presidential election, given the current positioning of hedge funds and other major investors.
“The massive accumulation of long positions in U.S. equities by real money investors and macro hedge funds (etc.) suggests that the market’s response to a red sweep may be an initial spike, followed shortly by a round of ‘fact selling,'” Nomura said in a note said the report.
really, S&P 500 Index It is less than 3% below the all-time high set on October 17.
SPX Year to Date
Recent history shows stocks rise on presidential election days
This is shaping up to be another winning presidential election day for the stock market.
this Dow Chemical, S&P 500 Index and Nasdaq Composite Index Everyone is chasing gains on Tuesday. If this holds through to the close, it would mark the fifth consecutive positive presidential election day for the blue-chip Dow Jones.
What’s more, 2024 will mark the sixth consecutive presidential election day for the S&P 500 and Nasdaq.
— Alex Harling, Peter Schachno
