He dollar, cryptocurrencies, especially bitcoin, and Wall Street futures rise this Wednesday strongly in the face of Donald Trump’s victory in the US presidential elections.
(Read: Historic triumph: Donald Trump will once again be president of the United States).
Since this morning, when the first results of the elections have been known, the market has reacted positively to Trump’s victory, and the futures on the main Wall Street indicators have skyrocketed.
The Dow Jones advances nearly 3%; the S&P 500, 2.27%; and the Nasdaq, 1.72%, boosted by Trump’s promises to cut corporate taxes.
(See: Bitcoin breaks a new record after Trump’s victory and exceeds $75,000).
For its part, the dollar this morning recorded its largest intraday increase since March 2020, rising more than 2% against the euro. At this time, The greenback advances less strongly, and the euro is exchanged at 1,075 dollars.
Ebury analysts explain that the dollar is trading higher against almost all currencies in the world, and that there are massive sales of emerging market currencies, “as investors price in rising US tariffs, elevated geopolitical risks and increased global uncertainty under Trump”.
Another of the assets that this day is receiving the Republican’s victory in a very positive way is Bitcoin, the most used and well-known cryptocurrency on the market, which has skyrocketed more than 8% before the European opening, and has set new highs. historical at 75,371.65 dollars.
The cryptocurrency deflates slightly. It revalued 6.92%, up to $73,938.1. On the contrary, the price of the ten-year US bond, the reference, falls sharply, while the yield increases to around 4.41%. And this, in a context in which Trump’s proposed measures could increase pressures on prices and worsen the debt outlook, according to experts.
(Also: Trump exceeds the threshold of 270 electoral votes and will be re-elected US president.)
Donald Trump was re-elected US president.
EFE
In this sense, IG analyst Sergio Ávila warned that higher tariffs under Trump would threaten to stop progress in the fight against inflation, something that will impact the monetary policy of the US Federal Reserve (Fed) and in growth.
In Europe, the main stock exchanges, with the exception of Madrid, are driven by the euphoria that American futures advance, although they register moderate gains. Meanwhile, the price of Brent crude oil, the reference price in the Old Continent, which has dropped more than 2% this morning, is down 1.68% at this time, to $74.26.
Experts assure that the price of crude oil is falling due to the rise in the dollar, and due to the possibility that the Republican will increase the production of fossil energy such as oil and gas, which could cause its price to fall.
(Here: ‘American Dream’: Bernie Moreno, the Colombian who won a position in the US Senate).
Janus Henderson experts highlight the strength that stock markets outside the US are showing today, as European and Japanese equities perform “good”while the Chinese stock markets have recorded smaller losses than expected, “despite Trump’s threats to global trade”.
Finally, abrdn’s deputy chief economist, Luke Bartholomew, has highlighted that after the results of the US elections were known “fairly soon”, the implied volatility expected in the market for the coming days has plummeted.” .
EFE
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