US Election countdown: T-minus Seven Days
We are barreling toward the macro event of the year, the US Election on November 3rd. This is the first in a daily series of articles through US Election Day. Today a few thoughts on what the latest polls are showing, how to read the inevitable skew in the early results on Election Night for both parties, depending on the state, and a spotlight on a frenzy of early voting activity in Texas.
Podcast: Ugly day for US and Europe ahead of major US earnings haul
Today we look at yesterday's weak session in both the US and Europe ahead of a huge haul of big earnings reports later this week and after the SAP disaster has taken the DAX down to its 200-day moving average. Also, a look at the shaky sterling outlook, copper and grains, the ANT Group IPO, US election perspectives and more. Today with Ole Hansen on commodities and John J. Hardy hosting and on FX
FX Update: Market nerves fraying on this last pre-US election week.
Some observers are selling a narrative of a tightening US race, but the outcome for the US Senate is the only issue credibly in play, as a Trump win would mean that the entire polling profession needs to be disbanded. Plenty is at stake, however, on that Senate outcome. Elsewhere, the moment of truth is approaching fast for sterling, and the Turkish lira is testing new lows.