Steen Jakobsen
The Bank of Japan has abandoned quantitative easing and the European Central Bank may taper its bond-buying programme, so what is the role of central banks in 2017, asks Saxo Bank’s chief economist Steen Jakobsen.
Editor’s Picks 05 August 2016 at 5:20 GMT

Clinton with nine-point lead over Trump, says poll

Hillary Clinton has emerged with a wide nine percentage-point lead over Donald Trump after both parties' political conventions, the new NBC News-Wall Street Journal poll of the nation's registered voters shows. Clinton draws 47% to 38% for Trump in the survey, conducted Sunday through Wednesday. That nearly doubles the five percentage-point lead (46%-41%) the former secretary of state held in July before either the Republican or Democratic convention.
Read full article at CNBC
05 August
Patto Patto
Trump continues to shoot himself in the foot but this is providing a trading opportunity. Markets are quoting 21-25. So you can "buy" Trump to win the presidency at 25 and the contract will close out at 100 if that happens (or you can trade out early if you like). I think this is the nadir of his campaign; it can only get better from here, especially with the debates to come. However, he needs to get back "on message" quickly, that is, stay on the offensive against Hillary and not get diverted by trivialities. For Trump, that means using speech notes or a tele-prompter - he's too easily diverted when he speaks off the cuff.


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