Market implications of US election outcome scenarios: UBS

As the 2024 US election approaches, its outcome will likely have profound implications for financial markets. As per analysts at UBS Global Research, different election scenarios present varying risks and opportunities for equity markets, interest rates, and specific sectors.

The potential for higher corporate tax rates and the expiration of some 2017 personal tax cuts could exert downward pressure on consumer spending and business profits. Harris would need to rely heavily on executive actions and regulatory measures, but recent Supreme Court decisions could limit the scope of these actions.Minimal impact anticipated. The focus would remain on selective companies within renewables and energy efficiency, with a neutral to negative effect on fossil fuels and financial services.The fossil fuel industry might continue to face regulatory risks, while renewable energy sectors may see some relief.

Regulatory changes would be less pronounced, with significant fiscal policy changes likely blocked by Congress. The impact on markets would thus be mixed, balancing between reduced regulatory risks and higher tariffs.Fossil fuel and financial services sectors might benefit from decreased regulatory burdens. The consumer and technology sectors could face challenges from tariff-related impacts.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Market implications of US election outcome scenarios: UBSMarket implications of US election outcome scenarios: UBS
Source: Investingcom - 🏆 450. / 53 Read more »

July inventory increase brings Denver housing market closer to a buyer’s marketWith a 68% increase in available inventory from July of last year, the close-price-to-list-price ratio is the lowest it’s been since July 2020. According to the July monthly real estate trend…
Source: denverpost - 🏆 13. / 72 Read more »

Garden Ridge Market Days - Back to School Festival & MarketJoin in for GARDEN RIDGE MARKET DAYS Back-to-School Festival & Market on Aug. 10, 2024 from 9:30 a.m.-2:30 p.m. at Northeast Bible Church.
Source: SAcurrent - 🏆 607. / 51 Read more »

Market in turmoil, NASDAQ sinks +3% as Nonfarm Payrolls highlight labor market slowdownThe stock market pullback that began in the latter half of July is pumping the brakes full force on Friday after US Nonfarm Payrolls for last month surprised to the downside.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Tuberville, Alabama lawmakers blame market unrest on ‘Kamala Crash’: Why did the stock market drop?The Dow was down more than 900 points by lunchtime.
Source: aldotcom - 🏆 82. / 68 Read more »

Prestige Market Stayed Hot, While Mass Market Was Flat in First Half, According to New ReportCircana data shows robust growth in the prestige market, while the mass market saw unit declines across the board.
Source: wwd - 🏆 24. / 68 Read more »