PL | EN

Will the stock markets react to the results of the U.S. presidential elections?

Large external deficits and loose monetary policy fueling inflation, loss of geopolitical hegemony and weaponization of dollar via trade, financial and technology sanctions could be deciding factors if the American currency were to lose its dominant position, according to Nouriel Roubini, an economist from New York’s University. The potential shift is to take years, though and isn’t certain. For now, we lack a safe alternative. Despite Chinese efforts to make yuan more appealing to countries and investors around the world, it still isn’t one.

Results of the U.S. presidential elections may have less impact on the markets than investors expect, according to financial specialists as they warn against “overthinking it”. The historical analysis made by SunTrust Investment Advisory Group shows that during the last 75 years, presidential elections had little impact on the performance of the S&P 500 index.

In Berlin, lawmakers are questioning a top adviser to Chancellor Angela Merkel as well as the country’s financial industry’s watchdogs concerning Wirecard AG’s scandal. The company that offered Internet payment and processing services collapsed in June after admitting that a quarter of its balance sheet didn’t exist. 3.2 billion euros of its debt are most probably lost with the issue at hand being Wirecard AG’s lobbying and connections within the German government.

Sixteen-digit numbers may not be enough in Japan as the number of credit cards raised during the COVID pandemic. With six first digits denoting bank and country data, there may soon be a shortage of combinations. Cashless and online payment became more popular recently, but Japan’s ratio of those transactions is still significantly lower than that of South Korea or China. Credit card companies are considering adding one more digit to credit cards numbers.

More about: JapanGermanyUSA
Read also
Hot oceans, underwater Sentinel and music to help corals
Hot oceans, underwater Sentinel and music to help corals
The current ocean heatwaves, characterized by high ocean water temperatures, have been happening for two consecutive years now. Scientists warn that this may result in a significant alteration of the Earth’s systems that could be irreversible. In the Atlantic basin, sea surface temperatures have risen by 1-2°C compared to the baseline from 1971-2000. Satellite data […]
Gender inequalities at work and the men’s Garrick Club
Gender inequalities at work and the men’s Garrick Club
According to a survey by human resources consulting company Robert Half International Inc., 37% of women and 32% of men expressed dissatisfaction with their professional careers. Ally Nathaniel, owner of Soul Staffing Solutions, believes that the workplace was not designed with women’s needs in mind and still largely operates according to the same standards as […]
Super-efficient photovoltaics and green energy batteries
Super-efficient photovoltaics and green energy batteries
Electricity suppliers in the US are incorporating lithium-ion batteries into solar and wind projects to store electricity in large quantities. These batteries are designed to maintain a steady flow of electricity even when there is no wind or sun. The US is the second-largest electricity storage market in the world, after China. The total capacity […]
Sustainable living: second-hand fashion, 3D wood and new EU regulations
Sustainable living: second-hand fashion, 3D wood and new EU regulations
Wood processing generates a significant amount of waste each year. In the USA, for example, 18 million tonnes of waste are produced annually, out of which over 12 million tonnes end up in landfills. However, researchers have discovered a way to repurpose some of this waste into “wooden ink”, which can be used to 3D […]
Conditions for appropriate brain development: from infant to teenager
Conditions for appropriate brain development: from infant to teenager
A study conducted at Washington University in St. Louis highlights the importance of several factors in the proper development of a child’s brain in their first year, including proper nutrition, sleep, a stimulating environment, a safe environment, proper care, and a regular circadian rhythm. Even if other conditions are unfavorable, providing these five factors guarantees […]
Previous issues