Last updated on 2017-04-25T10:06+0300.
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Extracted quotes from
|Key Titles and Phrases||Count||Lang||Last Seen|
|director of fx||10.53%||EN||07/07/201607/07/2016|
|deutsche bank strategist||5.26%||EN||05/22/201622/05/2016|
|Federal Reserve System||5.24%|
|European Central Bank||4.51%|
|All Country World||1.26%|
|Goldman Sachs Group||0.84%|
|Goldman Sachs Group Inc||0.73%|
|European Central Bank||0.0275|
|Federal Reserve System||0.0135|
|All Country World||0.011|
|Goldman Sachs Group||0.0067|
|Goldman Sachs Group Inc||0.0061|
|London Metal Exchange||0.0049|
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Extracted quotes about
Sebastien Galy said ( about Sebastien Galy ) : “What give us a little bit of a pause is that the economy is still very fragile and I think it's unlikely that Democrats are going to have as easy of a time as markets are trying to predict in passing some of these policies. Especially when it comes to tax reform, I think the window is relatively small. It's going to be difficult to achieve that level of tax reform and some of these restrictive policies as cooler heads prevail and the Democratic process works itself out". "What market is really [keen on] is more stimulus. We've seen over the course of 2020 Democratic party be much more open to providing stimulus to vulnerable Americans. That, along with additional support for greater fiscal policy as we climb out of Covid-19 downdraft in the economy and hopes for an infrastructure bill". In Europe, Sebastien Galy or Nordea Asset Management in Luxembourg said the market is already betting Democrats have won in Georgia. "We are trading as if Democrats have won both of the races, which mean more fiscal deficits and a steeper Treasury curve and there we enter into the psychological level of 1pc in the 10-year treasury yield and that seems to have caused a significant move in growth (stocks). "Growth of course depends on the expectations that rates stay very low so the two are related phenomenally. "It's interesting because it shows that everybody expects that eventually we get a tapering and we get higher yields and of course growth is going to tank and value is going to outperform. We are seeing a preview of it right now. That's the surprising message of the market,” "If Democrats hold both houses then there will be more pressure to regulate some of the bigger play within growth. Most of the (market) gains are concentrated in them and hence they are very sensitive to this"
independent-ie Thursday, January 7, 2021 5:14:00 AM EAT
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