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Donald Trump’s election victory continues to rally markets, with the S&P 500 topping $6,000 for the first time, and the Dow soaring by more than 300 points to close above the $44,000 mark. Momentum doesn’t stop there as investors jump on the crypto trade, with Bitcoin closing in on the $90,000 mark and Coinbase popping nearly 20%. Meanwhile, sources tell NBC that Senator Marco Rubio is the likely candidate to become Donald Trump’s top diplomat, with the President-elect also said to have tapped China hawk Mike Waltz as his National Security Adviser. In Asia, chipmaker stocks dip over mounting concerns of looming U.S. protectionist measures, prompting South Korea to release its own stimulus measures for domestic producers.
President-elect Donald Trump vows to slap 25 per cent tariffs on all imports from neighbours Canada and Mexico while also adding a further 10 per cent on all Chinese goods in a bid to combat drug-trafficking and illegal immigration into the U.S. The announcement triggers a rally on Wall Street...
Published 11/26/24
Unicredit launches a takeover bid for Italian rival Banco BPM in a deal worth approximately €10bn. President-elect Donald Trump names billionaire hedge fund manager Scott Bessent as Treasury Secretary prompting a rally in treasuries. In Germany, finance minister Joerg Kukies says that there is...
Published 11/25/24