Emerging Currencies Erase Gains as Market Focuses on Trump Picks [Yahoo! Finance Canada]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg MSCI's emerging-market currencies index edged down after rising as much as 0.3%. The gauge is on its fourth day of declines and set for the biggest weekly drop since August 2023. The counterpart index for stocks slid 0.9% and is headed for the worst week since June 2023. The market has moved on from the US CPI data, which came out Wednesday and boosted bets that the Fed will cut interest rates by another quarter point next month, putting brief pressure on the dollar and US Treasury yields. “The market wants to focus more on Trump's cabinet appointments and the implications for carrying out policy,” said Thierry Wizman, director of global currencies and an interest-rate strategist at Macquarie Futures. Trump's cabinet picks are reported to include noted China hawks, raising the prospect of worsening ties between the world's top two economies. Key posts going to Trump loyalists is stoking concerns that a push for higher tariffs, especially on China, wil
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JPM
Earnings
- 10/14/24 - Beat
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Sec Filings
- 11/14/24 - Form 424B2
- 11/14/24 - Form 424B2
- 11/14/24 - Form 424B2
- JPM's page on the SEC website