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What concerns are investors facing before the presidential election?
Investors are concerned about the potential impact of the upcoming U.S. presidential election on their portfolios, as market volatility may arise from either a Biden or Trump victory. Factors such as tax policies, China relations, and immigration policies could affect various sectors, and there is a lack of clear safe-haven markets for investors to turn to during this time.
How did Ben Laidler describe the US market around the election?
Ben Laidler, Bradesco's head of equity strategy, described the US market around the election as having very few places to hide, stating that if the US doesn't work during the election, there are very limited options for investors to turn to3. He mentioned China as one possible alternative, but overall, he believes that investors will have to face the market's reaction to the presidential election.
What was the Q1 GDP growth rate for the European Union?
The Q1 GDP growth rate for the European Union was 0.3% quarter on quarter, as reported by Eurostat, the statistical office of the European Union. This marks a slight improvement from the previous quarter's revised negative 0.1% growth. However, no real growth acceleration in the EU is expected from here.