United States: The U. Michigan Consumer Sentiment index surprised to the downside this month.
As we’ve seen earlier, presidential elections tend to have a substantial impact on US sentiment indicators. Republicans are more upbeat about the current situation (1st panel), while Democrats are more optimistic about the future (2nd panel). However, the expectations gains among Democrats weren’t enough to offset the pessimism among Republicans, pulling the overall index lower.
United Kingdom: Asking prices for homes are now 6% above last year’s levels.
China: The renminbi continues to climb.
Goldman expects a secular rotation into CNY fixed income markets.
Equities: Value stocks are particularly sensitive to vaccine news.
Global Developments: How much of the early-2020 losses have different asset classes recovered?
Food For Thought: Natural disasters:
Edited by Daniel Moskovits
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