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Post US election turmoil could hinder Fed December rate hike, Lockhart says
Turmoil following the result of the US presidential elections might see the Federal Reserve forego an interest rate hike when it next meets on 14 December, a top official said.
US close: Wall Street extends losses to nine days, longest stretch since 1980
Wall Street slipped into the red in the final two hours of trading, extending its losing streak to nine consecutive days, the longest such stretch since 1980, amid election jitters and despite what economists hailed as a positive reading on the US jobs market.
Sunday newspaper round-up: Trump fears, Birds Eye, 'buy as you go', RBS
Analysts fear global markets will be plunged into turmoil this week if Donald Trump wins the race for the White House, with currency turbulence and a drop in US stocks not seen since the financial crisis. As Americans prepare to head to the polls on Tuesday, the Sunday Telegraph reported that experts were warning a victory for the Republican presidential candidate would trigger short-term market ructions and inflict long-term damage on the world’s biggest economy.
Sunday share tips: ITV, Homeserve
Buy shares in ITV, said the Sunday Times' Inside the City column. The broadcaster has lost over 39% of its value this year, with the shares losing ground even before the TV advertising market was hit hard by the EU referendum decision, which sent the big advertising sectors like retail, travel, banking and insurance scurrying back into their shells. The BBC showing the Olympics also was not good for viewer numbers in the summer, while ITV's share of rights to last year's Rugby World Cup meant this year's comparisons have been tougher.