Oddbean

Most markets rise ahead of US vote, China stimulus meeting ========== Most markets rose on November 4, 2024, as investors prepared for the closely contested US presidential election between Democratic Vice President Kamala Harris and Republican Donald Trump, scheduled for November 5, 2024. Traders are monitoring polls, with a recent Iowa poll showing Harris leading. The Federal Reserve is expected to announce a 25-basis-point interest rate cut following disappointing job creation data. The outcome of the election could influence China's economic stimulus package, with Beijing expected to announce measures on November 8, 2024. Analysts predict a potential trillion yuan (US$140 billion) budget increase for local governments and a one-off trillion yuan for banks to address non-performing loans. Markets in Asia saw gains, with Shanghai up over 1%, while oil prices rose around 2% amid OPEC+ supply cuts and geopolitical tensions involving Iran. #Markets #UsElections #China #Stimulus #Economy #InterestRates #KamalaHarris #DonaldTrump #Opec #Geopolitics https://www.nst.com.my/business/economy/2024/11/1129469/most-markets-rise-ahead-us-vote-china-stimulus-meeting