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Dollar Surges on Trump Victory: Wall Street Unites in Bullish Outlook
New York, Tuesday, 12 November 2024.
The US dollar rallies to its highest since November 2022, driven by Donald Trump’s election victory and proposed tariffs. Wall Street analysts unanimously predict further gains, signaling potential shifts in global currency markets and economic policies.
Wall Street Bonuses Set to Soar: Debt Underwriters Lead the Pack
New York, Tuesday, 12 November 2024.
Wall Street anticipates its first industrywide bonus increase since 2021, with debt underwriters expected to receive up to 35% more. This surge reflects a robust year in financial markets, particularly in debt issuance and stock underwriting, signaling renewed confidence in the sector.
China's $1.4 Trillion Stimulus Falls Short of Market Expectations
Beijing, Tuesday, 12 November 2024.
China unveils a massive fiscal package to bolster local governments and stimulate economic growth. However, the plan disappoints investors hoping for more aggressive consumer support measures, leading to a decline in Hong Kong stocks.
Russia's Butter Crisis: A Symptom of Putin's War Economy
Moscow, Tuesday, 12 November 2024.
As Russia’s military spending soars, inflation hits staple foods hard. Butter prices have surged 26% since December, leading to thefts and highlighting the economic strain of prolonged conflict. The central bank’s struggle to balance war costs and inflation underscores the challenges facing Putin’s economic strategy.