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Prices & Quotes - UK Markets - HSBC Holdings (HSBA)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 429.30p
Change Today:
1.30p
Market Cap:
87,442m
Sector:
Banks

US bond yields advance with Democrats on cusp of taking Senate

By Alexander Bueso

Date: Wednesday 06 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Government debt markets in the US were under selling pressure in the middle of the week after Democrats clinched one of two run-off votes for the country's Senate, possibly giving control of the upper chamber of Congress to his party, possibly implying greater government spending and taxes down the line.
On Wednesday, the Associated Press called one of the races in favour of Raphael Warnock, narrowing the Republicans' advantage in the Senate to 50-49.

A victory for the other Democratic candidate, John Ossoff, in his race, would give the Democrats control of both chambers of Congress and the White House, in what is known as a 'clean sweep'.

That is because the US Constitution gives Vice-President, Kamala Harris, the power to cast a tie-breaking vote in the Senate.

Traders in the Treasury market reacted quickly to the news that the Biden administration might be able to push through more of its economic policy programme much more easily.

As of 1530 GMT, the yield on the benchmark 10-year US Treasury note was climbing by 10 basis points to 1.06% and near its highest level since March 2020.

Yet analysts at Capital Economics were hot wholly convinced, telling clients: " even with unified control of Congress, we strongly doubt Biden will be able to get his most consequential legislative priorities passed.

"With most legislation requiring 60 votes in the Senate to avoid a filibuster, Democrats will either need to scrap the cloture rule entirely or use budget reconciliation, which requires just a simple majority but can only be used once per year."

So yes, Biden would have an easier time of it confirming his cabinet picks and the odds of a limited fiscal stimulus package being approved further down the line were a bit higher.

As well, the current relief package in the works might also be expanded, extending federal unemployment payments past March and providing further support, notable for state and local governments.

Furthermore, via the Congressional Review Act, Democrats "should also be able to reverse Trump's recent deregulatory actions, including a range of rules covering the energy and financial sectors."

But there were moderate Democrats in the Senate too, which had voted against a proposed Green New Deal in 2019 and "substantial" tax increases were also unlikely, they said.



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HSBC Holdings Market Data

Currency UK Pounds
Price 429.30p
Change Today 1.30p
52 Week High 555.00p
52 Week Low 283.35p
Volume 20,187,732
Shares Issued 20,368m
Market Cap 87,442m
Beta 0.03

Performance Indicators

Compare performance with the sector and the market.

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Price Trend
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Income
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Growth
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Dividend Yield
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EPS Growth
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Operating Margin
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What The Brokers Say

Strong Buy 2
Buy 3
Neutral 10
Sell 0
Strong Sell 8
Total 23
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HSBC Holdings Dividends

  Latest Previous
  Interim 3rd Interim
Ex-Div 11-Mar-21 10-Oct-19
Paid 29-Apr-21 20-Nov-19
Amount 15.00¢ 10.00¢

Trades for 24-Feb-2021

Time Volume / Share Price
16:35 7,114,961 @ 429.30p
16:30 250 @ 428.80p
16:29 1,889 @ 428.95p
16:29 1,255 @ 428.95p
16:29 6 @ 428.90p

HSBC Holdings Key Personnel

CFO Ewen Stevenson
CEO Noel Quinn