iSAM Securities Appoints Neill Burger as Managing Director

iSAM Securities were named the Best B2B Liquidity Provider at the Ultimate Fintech Awards.

Over 75 million Americans have already cast their ballots to decide their Commander-in-Chief for the next four years. The 2024 election campaign, estimated to have cost over $15 billion—making it the most expensive U.S. election in history—is also one of the fiercest and most closely contested elections in recent memory.

Risk sentiment is stabilising after Monday’s sharp AI-led selloff. The MSCI Asia Pacific Index climbed 2.5%, led by South Korea’s Kospi, which surged 8.5%. The recovery followed gains on Wall Street, where the Nasdaq 100 and chip stocks bounced, while US futures point to further upside.

USD/JPY remains one of the key focal points across FX markets as the pair continues to trade near the psychologically important 160.00 level. Investors remain alert to the possibility of official Japanese intervention should the pair break higher, while expectations for further Bank of Japan policy normalisation continue to build.

Markets remained cautious as geopolitical tensions, elevated oil prices, and rising bond yields kept inflation concerns in focus, while hopes of regional de-escalation provided some support to risk sentiment.