Dollar soars as Trump nears election win; euro, sterling, yen all retreat sharply
- The U.S. dollar soared Wednesday, set for its biggest one-day rise since March 2020, as Donald Trump closed in on presidential victory, while a Republican clean...
- The U.S. dollar soared Wednesday, set for its biggest one-day rise since March 2020, as Donald Trump closed in on presidential victory, while a Republican clean...
The US election results carry significant implications for emerging markets (EMs), with trade tensions and currency adjustments shaping the outlook, according to a...
Donald Trump was named the victor of the 2024 presidential election and US stocks are booming on this news: the Dow Jones Industrial Average (^DJI) is seeing upside of over 3% at the market open today, with the S&P 500 (^GSPC) flying 1.9% higher and the Nasdaq Composite (^IXIC) seeing gains of 1.8% right beside it. The financial sector (XLF) is blasting over, moving 5.5% higher at the day's start as Wall Street anticipates a second Trump presidency will greatly benefit the banking industry. The Morning Brief's Brad Smith is joined by Yahoo Finance markets and data editor Jared Blikre in their analysis of movements in the market indexes, Russell 2000 (^RUT), Treasury yields (^TYX, ^TNX, ^FVX), and commodities. Follow along Yahoo Finance's extensive coverage of the stock market reactions to the 2024 election results: Stock market today: Dow, S&P 500, Nasdaq futures soar as Trump triumphsDonald Trump has won the 2024 election. Here's what's next on 2 key economic issues.Wall Street scores political victory with a Trump win: 'This should aid all banks'Tesla stock soars by double digits after Trump winDJT stock surges in premarket trading as Trump clinches election winHere's how my 'Trump trade' is doing7 'election trades' Citi is watching To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.
LONDON (Reuters) - Euro zone business activity held steady last month, a small improvement from September's modest decline, supported by an expansion in the bloc's dominant...
PARIS (Reuters) - France's services sector began the fourth quarter on a weak footing, with activity contracting at the fastest pace since March as demand conditions deteriorated,...
ROME (Reuters) - Italy's service sector regained strength in October after almost stagnating in September, a survey showed on Wednesday, lifted by a jump in new domestic business....
By Danial Azhar KUALA LUMPUR (Reuters) - Malaysia's central bank kept its key policy rate unchanged on Wednesday, reflecting a positive economic growth outlook and steady...
BERLIN (Reuters) - Germany's services sector saw a slight uptick in business activity in October, reaching a three-month high, although underlying demand remained weak, according...
SINGAPORE (Reuters) -Bitcoin surged to a record high in Asian trade as investors leaned towards Donald Trump winning the U.S. presidential election. The world's biggest...
By Maria Martinez (Reuters) -German industrial orders rose more than expected in September thanks to large-scale orders such as aircraft, ships, trains and military vehicles,...