Mr. Trump's victory will not change the outlook for a 25 basis point cut at this week's meeting, but central banks "need to remain vigilant" going forward, wrote Gregory Faranello, head of US rates at Amerivet Securities. "Wednesday's election result only reinforces our view of gradualism, caution, lack of forward guidance and an open mind," said Mr. Faranello. Investors dumped Treasuries in response to the US election result, sending yields higher. The 10-year yield is now at 4.451 per cent and...
Foreign 1. Xiaomo: If Trump wins the election, the Federal Reserve may suspend the easing cycle as early as December. 2. Citi: Gold may face a sell-off after the US election, and it is recommended to buy on the dip. Long-term bullish to $3,000/ounce. 3. Capital Economics: Market volatility after the election may not be as large as currently expected. 4. UBS: China's class A share earnings are expected to recover in the first half of the year, and policy dividends drive expectations to reverse. 5...