Description
Donald Trump's presidential victory boosted US equities, with gains led by banks, energy and small caps – the S&P 500 had its best week so far this year. Bitcoin crossed USD 81,000 for the first time ever and Nvidia became the first company to surpass USD 3.6 trillion in market value. Meanwhile, China’s economic stimulus disappointed. Key economic data and earnings reports are due this week, including AstraZeneca,Siemens, Alibaba and Tencent. Also watch for news on Trump cabinet picks. Mensur Pocinci, our Head of Technical Analysis, notes that US equities have more upside, while gold is in a healthy consolidation.
00:00 Introduction by Helen Freer (Investment Writing)
00:24 Markets wrap-up by Mike Rauber (Investment Writing)
06:54 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis)
09:21 Closing remarks by Mike Rauber (Investment Writing)
Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or your favourite podcast player.
European markets closed lower yesterday, with auto stocks down 1.7%. The big US equity indices all inched higher, although small caps fell after Monday’s gains. Asia was mixed this morning with Chinese stocks up and Japanese stocks down. Bitcoin is now trading nearer USD 90,000 than 100,000....
Published 11/27/24
Markets reacted to the nomination of Scott Bessent as the next US Treasury Secretary on Monday, with the dollar pulling back from two-year highs and US Treasury yields falling. US stocks rose, led by small caps which hit an intraday high, while European markets were mixed. A survey showed a drop...
Published 11/26/24