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Tag Archives: Scott Bessent

Dow Jones Soars On Market Optimism Stirred By Bessent’s Nomination for Treasury Dept

Mohamed Abdelhamid Daily Economic Reports, Economic Report, Global Stock Market, Market Update

The Dow Jones Industrial Average (DJIA) surged to a new all-time high just below the 44,800 mark on Monday. This bullish movement in equity markets was driven by two significant factors: the anticipation of Scott Bessent as the new Treasury Secretary under President-elect Donald Trump, and the rumors of a …

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What Do Global Markets Expect From Trump’s Pick for Treasury Secretary?

Mohamed Abdelhamid Daily Economic Reports, Economic Report, Forex Market, Global Stock Market, Market Update

Financial markets responded positively on Monday to President-elect Donald Trump’s nomination of hedge fund manager Scott Bessent as US Treasury Secretary. Currencies across the globe rallied, reflecting investor optimism that Bessent, founder of Key Square Group, could temper some of Trump’s more extreme economic views.Market ReactionsThe US Dollar Index (DXY), …

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