Asian equities experienced widespread gains on Friday, mirroring Wall Street’s ascent to record highs. Investor sentiment was buoyed by expectations of aggressive fiscal spending under the newly re-elected President Donald Trump and cautious interest rate cuts signaled by the Federal Reserve. Key Market Movements: Asia-Pacific RallyThe Asia-Pacific region marked significant …
Read More »Dow Jones Pauses for Breath Ahead of Fed Decision
The Dow Jones Industrial Average traded in a narrow range on Thursday, holding near its record high. Investors are adopting a cautious stance as they await the Federal Reserve’s interest rate decision later in the day.The market’s anticipation of a 25 basis point rate cut from Fed Chair Jerome Powell …
Read More »U.S. Futures Edge Higher as Focus Shifts to Fed After Trump’s Election Victory
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 »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 »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 …
Read More »Why Donald Trump Matters for US Economy, Fed’s Policies
In addition to raising concerns about how much pressure might be put on the Federal Reserve during his second term in office, some economists and experts say Donald Trump’s victory in Tuesday’s presidential contest could potentially upend the US economy and change the Fed’s policy calculus in the coming months.During …
Read More »Novo Nordisk’s Mixed Earnings: Wegovy Shines, Outlook Dimmed
Novo Nordisk, a major pharmaceutical company, reported mixed results for the third quarter of 2024. While its blockbuster weight-loss drug, Wegovy, exceeded expectations with an 81% year-over-year sales increase, the company’s overall performance was tempered by challenges.Despite a 24% increase in overall sales for the first nine months of the …
Read More »U.S. Stock Futures Surge as Trump Leads 2024 Presidential Race
U.S. stock futures saw gains on Wednesday as early voting results indicated Donald Trump leading in the presidential race against Kamala Harris, with the Republicans on track to sweep both the Senate and House of Representatives. This alignment could potentially ease Trump’s path to major policy implementations if his lead …
Read More »Donald Trump Claims Victory in 2024 Presidential Election Amid GOP Gains
Former President Donald Trump declared victory in the 2024 presidential election after Fox News projected his win over Democrat Kamala Harris, marking a remarkable political comeback. Trump’s projected triumph included key battleground states—Pennsylvania, North Carolina, and Georgia—with reported leads in other decisive states, according to Edison Research. Other news outlets …
Read More »U.S. Election Update: Trump Leads Harris in Key Battleground States, Republicans Head for Sweep
In the unfolding 2024 U.S. presidential election, Donald Trump has taken a lead over Kamala Harris, securing wins in several critical battleground states. Current Standings As of 00:44 ET (05:44 GMT), the Associated Press reported: Trump: 230 electoral votes Harris: 210 electoral votes Trump clinched victories in North Carolina and …
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