Monday, 2 November 2020

Global markets under Trump: Build the Wall (Street)!... and China

Global markets under Trump: Build the Wall (Street)!... and China

Donald Trump's campaign slogan in 2016 could have been 'build the Wall Street', but a scan across global markets throws up plenty of surprises, especially in the emerging economies that have been in Trump's cross-hairs.

Factory data lifts stocks, dollar gains on U.S. election jitters

Global equity markets rebounded on Monday as robust U.S., China and euro zone factory data offset lockdowns in Europe to combat record COVID-19 cases, while the dollar and gold rose on U.S. presidential election jitters.

Wall Street rises but market braced for choppy week on eve of U.S. election

The Dow and S&P closed higher on Monday with the Nasdaq posting slimmer gains on the eve of the U.S. presidential election, as investors girded for what could be big market swings this week.

Walmart drops plans to use robots for tracking inventory

Walmart Inc said on Monday it has dropped its plans to use roving robots to scan shelves and keep track of inventory, squashing the world's largest retailer's years-long efforts to automate the task.

Monte dei Paschi CEO tells board bank faces 2 billion euro capital gap: source

The CEO of Monte dei Paschi told directors on Monday the bailed-out Italian bank needs 1.5-2.0 billion euros ($1.7-$2.3 billion) in cash to avoid breaching capital requirements in the first quarter of 2021, a source with knowledge of the matter said.

U.S. senator warns France's Macron over gas exports deal delay

Any French involvement in holding up a multi-billion natural gas deal over environmental concerns could damage the country's trade ties with the United States, a Republican Senator has warned in a letter to French President Emmanuel Macron.

Fiat Chrysler faces up to $840 million in potential new U.S. regulatory costs

Fiat Chrysler Automobiles NV (FCA) disclosed it could face costs of up to 722 million euros ($840 million) to resolve a Justice Department investigation into excess diesel emissions and as a result of higher fuel economy penalties.

Dunkin' Brands to go private in $8.76 billion deal by Arby's owner

Inspire Brands Inc will buy Dunkin' Brands Group Inc for $8.76 billion, the two companies said late on Friday, bringing chains like Arby's and Dunkin' Donuts under the same umbrella in one of the largest restaurant deals.

U.S. manufacturing near two-year high; road ahead difficult

U.S. manufacturing activity accelerated more than expected in October, with new orders jumping to their highest level in nearly 17 years amid a shift in spending toward goods like motor vehicles and food as the COVID-19 pandemic drags on.

Analysis: Sustainable investing advocates hope for friendlier U.S. rules if Biden wins

Progressive groups and investors hope Democratic presidential nominee Joe Biden can win on Tuesday and quickly end Trump administration rules that stifle their ability to pick stocks using environmental, social or governance factors, setting up a renewed fight with corporate groups that backed the changes.

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