Gold will be a winner no matter who clinches the U.S. election, investor says

Regardless of who wins the U.S. election this week, the gold market is set to benefit, particularly gold miners, James Rasteh from Coast Capital said.

from Squawk Box (Asia) - CNBC https://ift.tt/2U4eotL

Apparel sales 'devastated' and will not recover until vaccine is available: Lever Style

Fashion supply chain manager Lever Style announced two acquisitions during a time when apparel sales globally have plummeted due to the pandemic. Executive Chairman Stanley Szeto says the industry will not recover until a vaccine is available.

from Squawk Box (Asia) - CNBC https://ift.tt/3hQqOzz

Biden's job is to make the case that he is the anti-Donald Trump: Professor

Andra Gillespie from Emory University says Joe Biden has evolved over the course of the campaign cycle, with improved debate performances. She adds that with over half a century experience in the elective office, Biden will be able to bring stability to the current chaos in the U.S..

from Squawk Box (Asia) - CNBC https://ift.tt/3kXgbwN

Considering shift away from short dollar trade: Aberdeen Standard Investments

Kenneth Akintewe from Aberdeen Standard Investments says a number of Asian economies still have room to cut interest rates, such as India. He adds that short dollar trade is now a strong consensus and investors might need to consider a shift away from that strategy and diversifying funding currencies.

from Squawk Box (Asia) - CNBC https://ift.tt/3fSFWdQ

JPMorgan warns of a potentially 'incomplete' economic recovery from the coronvirus pandemic

In remarks made on June 26, James Sullivan of JPMorgan discusses the "potential issue" created by structurally increasing government involvement in the economy amid the coronavirus pandemic.

from Squawk Box (Asia) - CNBC https://ift.tt/3go3Gr7

April job losses will be three times those from the GFC: Economist

Gregory Daco of Oxford Economics says he expects the U.S. unemployment rate to go up to 17% in April, reflecting a loss in income that will weigh on consumer spending and subsequent economic recovery.

from Squawk Box (Asia) - CNBC https://ift.tt/3bfy9EL

Oil prices to trade above 50 dollars again next year: ING

Warren Patterson of ING explains why he sees a rebound in oil prices next year.

from Squawk Box (Asia) - CNBC https://ift.tt/2SEGprb

Coronavirus live updates: WHO special envoy tells countries to 'act quickly' as global cases climb

Brief lockdowns to prevent the virus from spreading would be less costly in the long run, David Nabarro, a special envoy to the WHO, told CNBC.

from Squawk Box (Asia) - CNBC https://ift.tt/2WXfwSf

China is a safe haven in the midst of the coronavirus panic: Credit Suisse

Global markets are being rocked by both the coronavirus outbreak and plummeting oil prices. Credit Suisse's Will Stephens talked to "Squawk Box" Asia about how to find stability in these uncertain times. One surprising safe haven: China.

from Squawk Box (Asia) - CNBC https://ift.tt/2xswNZ2

Fed's emergency cut exacerbated the market sell off: Strategist

Kenny Polcari, senior market strategist of SlateStone Wealth, says the Fed's emergency cut added to the market panic and sell-off, and that the Fed should not cut at the March meeting.

from Squawk Box (Asia) - CNBC https://ift.tt/3cQcG76

The impact of the coronavirus outbreak on supply chains is indeterminate: AmCham China

A 'wait and see' approach will be needed to assess the full extent of the coronavirus crisis' impact on supply chains as factory workers in China slowly return to work after the Lunar New Year, says Greg Gilligan from the American Chamber of Commerce in China.

from Squawk Box (Asia) - CNBC https://ift.tt/38z31Q1