First, prominent members of the opposing Democratic party are voicing support. That includes both Nancy Pelosi in the House of Representatives and Charles Schumer in the Senate. Wall Street bigwigs Jamie Dimon and Lloyd Blankfein, both Democrats, agree.
The biggest decliner in the S&P 500 today, for instance, was Mylan (MYL). Disappointing results, manufacturing problems and weak demand hammered the drug maker 24 percent. That was its worst decline in at least a decade
The Fed held FOMC meeting on September 25th and 26th and decided to raise short-term interest rates by 0.25%. After the FOMC meeting, Federal Reserve Board members and Federal Reserve Bank presidents released Summary of Economic Projections, which showed the same FFR projection as last time.
The Fed is going to hold a two-day FOMC meeting, on September 25th -26th. According to CME FedWatch, there is a 94.4% chance that interest rates will increase by 0.25%, which turns out to be 2.25%.
His Communist Party is currently tabling constitutional reform to extend term limits. If they succeed, his presidency could stretch beyond 2023, and this is important because one of his biggest initiatives is ‘Made in China 2025’. It aims to strengthen the hold of technology in China. A large part of the world’s electronic components and gadgets are assembled in China, because of their high technical skills and low labour costs.