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Emerging Markets Extend Drop, Hit by Trump-Linked Dollar Gains

(Bloomberg) -- Emerging-market assets fell Wednesday as the dollar extended gains on a bet that Donald Trump’s new US administration will have strong support to push through his policies.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyNo Water by Year-End for This Zimbabwean City of 700,000 PeopleArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictMSC

Investors expect more growth and inflation after Trump win, BofA survey shows

Global investors changed their expectations on the global economy in the wake of Donald Trump's election win, and now see higher growth than they did before, as well as higher inflation, according to Bank of America's monthly fund manager survey. BofA polled 179 participants with $503 billion assets under management. Of those, 22% responded after the U.S. election, won by Republican former president Trump.

Trump's economic agenda for his second term is clouding the outlook for mortgage rates

Donald Trump’s election win is clouding the outlook for mortgage rates even before he gets back to the White House. The president-elect campaigned on a promise to make homeownership more affordable by lowering mortgage rates through policies aimed at knocking out inflation. Mortgage rates are influenced by several factors, including moves in the yield for U.S. 10-year Treasury bonds, which lenders use as a guide to price home loans.