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  • Nov 13, 2024

Emerging Markets Extend Drop, Hit by Trump-Linked Dollar Gains

(Bloomberg) -- Emerging-market assets fell Wednesday as the dollar extended gains on a bet that Donald Trump’s new US administration will have strong support to push through his policies.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyNo Water by Year-End for This Zimbabwean City of 700,000 PeopleArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictMSC

  • Nov 13, 2024

Investors expect more growth and inflation after Trump win, BofA survey shows

Global investors changed their expectations on the global economy in the wake of Donald Trump's election win, and now see higher growth than they did before, as well as higher inflation, according to Bank of America's monthly fund manager survey. BofA polled 179 participants with $503 billion assets under management. Of those, 22% responded after the U.S. election, won by Republican former president Trump.

  • Nov 13, 2024

Trump's economic agenda for his second term is clouding the outlook for mortgage rates

Donald Trump’s election win is clouding the outlook for mortgage rates even before he gets back to the White House. The president-elect campaigned on a promise to make homeownership more affordable by lowering mortgage rates through policies aimed at knocking out inflation. Mortgage rates are influenced by several factors, including moves in the yield for U.S. 10-year Treasury bonds, which lenders use as a guide to price home loans.

  • Nov 13, 2024

Trump win could be a double whammy for Hungary's economy

Donald Trump's victory may be a political boon for Hungarian leader Viktor Orban but on the economy, Trump is bad news for Hungary - adding to inflationary risks due to a weak forint and lower output due to possible tariffs on Europe's auto sector. With the forint already on the back foot since the Hungarian central bank's latest rate cut in September, Trump's stunning win sent central Europe's worst-performing currency to levels last seen in 2022, when the bank launched emergency rate hikes.

  • Nov 13, 2024

US Climate Official Tells COP29 Oil Boom Aids Energy Transition

(Bloomberg) -- The surge of US oil and gas output under the Biden administration is an enabler of the energy transition, not a black mark on the country’s climate progress, a top White House adviser said Wednesday.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyNo Water by Year-End for This Zimbabwean City of 700,000 PeopleArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough i

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