#political-risk

#political-risk

Argentina's markets have tumbled, with the peso currency at a historic low, after a heavy defeat for President Javier Milei's party at the hands of the Peronist opposition at local elections stoked worries about the government's ability to implement its economic reform agenda. On Monday, the peso was last down almost 5 percent against the US dollar at 1,434 per greenback while the benchmark stock index fell 10.5 percent, and an index of Argentine stocks traded on United States exchanges lost more than 15 percent.

Gold prices could surge to almost $5,000 an ounce if Donald Trump's continued attacks on the US Federal Reserve weaken the central bank's independence, according to a forecast from Goldman Sachs. The precious metal is already trading near record highs, with spot prices at $3,545.39 an ounce, up more than 35 per cent this year as investors and banks pile in to hedge against inflation.

A significant of Canadians are shifting their U.S. property investments, with many considering selling, according to a new survey by Royal LePage. The primary reasons cited include concerns about the U.S. political administration, personal reasons, and extreme weather events. This shift could have a notable impact on regional economies and communities where Canadians have been prominent investors.

AI is dominating the economy and at the top of policy agendas. Ads for it are everywhere. Your favorite artist is probably experimenting with it. And as hundreds of billions of dollars get poured into the tech, it can feel like the whole world is holding its breath for when it somehow becomes superintelligent and magically ushers us into a utopic age.

The US dollar was mostly unchanged on Thursday as investors avoided major positioning ahead of the Federal Reserve's Jackson Hole symposium. Market participants remain cautious, with sentiment restrained by concerns about monetary policy and political risks. Attention now shifts squarely to Fed Chair Jerome Powell's address on Friday. Markets are pricing in an 81% chance of a quarter-point rate cut in September. Another cut is expected in December.

Chancellor Rachel Reeves' support of the Mansion House Accord risks over 30 million UK pensions by directing funds to opaque, high-cost investments.