According to Bloomberg, the global market reacted strongly to the increasing chances of Donald Trump winning the presidency, with stock futures, Treasury yields, and the dollar all making significant moves.
S&P 500 futures rose by 1.2%, while 10-year yields surged to a four-month high of 4.39% and Bitcoin hit a record high. These shifts indicate growing confidence in a Trump victory as Vice President Kamala Harris’s path to success becomes narrower.
The Bloomberg Dollar Spot Index saw a 1.1% increase, with the Mexican peso dropping by 2.3% and the Japanese yen and euro both declining by at least 1.2%. Contracts on the Russell 2000 Index also rose by 2.5%, suggesting that smaller companies could benefit from a Republican win due to their domestic focus.
In response to these developments, Equities in Japan and Australia experienced gains…
2024-11-06 00:10:38
Post from finance.yahoo.com
