Source: Global Market Report On Monday, the turnover of US stocks ranked first, closing up 0.75% with a turnover of $38.014 billion. Since the opening on June 10, Nvidia's stock has been trading at adjusted prices after the split. The overall value of Nvidia is not expected to change after the split, and the lower stock price will make it easier for investors to reach. In terms of product structure, the operating income of 10-30 billion yuan products is respectively 401/1288/60 million yuan.
Legal & General Investment Management (LGIM), the largest asset management company in the United Kingdom, has abandoned its bet that the US Treasury yield curve will steepen, stating that US President Joe Biden's withdrawal from the election has reduced the possibility of a Republican landslide victory.
Christopher Jeffery, head of macro asset allocation at the company, said that the possibility of Donald Trump winning and the Republican Party fully controlling the House of Representatives and the Senate has now decreased. Investors have been betting that this result would reignite inflation and worsen the US financial situation, leading to higher long-term yields.
As Vice President Kamala Harris gains more support within the Democratic Party, the market is re-evaluating the so-called 'Trump trade' - core plans to lower taxes and increase tariffs. However, due to Fed officials' statements and weak economic data fueling speculation about interest rate cuts, the curve steepened again on Wednesday.
"We have cancelled the risk exposure of the steepening curve because we believe that Biden's withdrawal will curb the momentum of the Republican landslide victory," Jeffrey said. LGIM manages about $1.5 trillion in assets.
Harris' candidacy could make the November election more intense, and if the government faces bipartisanship, it may be more difficult to push significant policy changes.
"It is not yet clear to what extent this will affect the results of the presidential election, but it will certainly change the prospects for voter turnout on the Democratic side," he said. "The market is very concerned about whether the government is divided or united, and who will take the White House."
Editor/Jeffy