U.S. stock index futures traded higher Thursday morning, continuing the positive momentum generated by Donald Trump’s presidential election win in 2024. The market is now turning its attention to the Federal Reserve’s policy decision later in the day. Futures Overview At 06:20 ET (11:20 GMT), futures showed modest gains across …
Read More »European Stocks Rise on Rebound in Tech and Resource Sectors; Rate Decisions Awaited
European markets advanced on Thursday, driven by gains in technology and resource stocks as investors turned their attention to upcoming monetary policy announcements from the Federal Reserve and the Bank of England (BoE). Key Market Highlights The pan-European STOXX 600 index climbed 0.5%, led by the basic resources sector, which …
Read More »Dollar Retreats After Post-Election Surge, Markets Eye Central Bank Moves
The U.S. dollar pulled back slightly on Thursday, easing from a four-month high reached after Donald Trump’s victory in the 2024 presidential election. Market participants are now focused on upcoming monetary policy announcements from the Federal Reserve and other central banks. Fed Rate Cut Anticipated The Federal Reserve is expected …
Read More »Gold Prices Dip Amid Dollar Rally Post-Trump Election Win; Industrial Metals Show Mixed Trends
Gold prices slipped slightly in Asian trade on Thursday, extending the losses from the previous session, triggered by a sharp rally in the dollar and risk assets following Donald Trump’s victory in the 2024 U.S. presidential election. Despite this recent decline, gold has managed to hold on to significant gains …
Read More »Asian Markets Remain Cautious Post-Trump Election Rally Amid China Stimulus Hopes and Fed Watch
Asian stocks saw limited movement on Thursday, with early gains following Donald Trump’s election victory in the U.S. beginning to taper off. The initial rally sparked by optimism on Wall Street is being overshadowed by concerns over trade and stimulus policies. Investors are now focused on additional economic measures from …
Read More »Market Drivers; US Session
The US Dollar Index (DXY) rose to four-month tops north of the 105.00 hurdle on the back of Trump’s win and higher US yields. The Fed’s interest rate decision will be at the centre of the debate, seconded by weekly Initial Jobless Claims and Wholesale Inventories.The US dollar has touched …
Read More »US dollar hits multi-month highs following Trump’s win
The election of Trump increases the likelihood of policy-induced inflation, which forces the Fed to maintain its restrictive stance for a longer period of time. A 25 basis point cut is anticipated when the FOMC meets on Thursday.The US economy is still expanding at or above the trend. Following former …
Read More »Are Trump tariffs posing a bigger threat to China’s economy in his second term?
Donald Trump’s threat to impose 60% tariffs on US imports of Chinese goods poses significant growth risks for the world’s second-largest economy. The property market crisis, weak domestic demand, and deflationary pressures have contributed to China’s economic downturn. In 2018, the property market was strong, driving about a quarter of …
Read More »XAU/USD Has Suffered Since Trump’s Victory Announced
Gold price is under considerable downward pressure due to the strong rise in the US dollar since the announcement of Donald Trump, the former US President and Republican candidate, winning the 2024 US presidential election. Financial markets continue to celebrate the victory of former US President and Republican candidate Donald …
Read More »As Trump defeats Harris, Dow jumps to record, Russell 2000 soars 5%.
Stocks have surged sharply on Wednesday, with major benchmarks hitting record highs as Donald Trump wins the 2024 presidential election. The Dow Jones Industrial Average surged 1,434 points to a record high, or around 3.4%. The last time the blue-chip Dow jumped more than 1,000 points in a single day …
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