Trump’s tariff threats boosted Dollar; Peso, Loonie, Gold & Oil Lower
The Trump trade picked up steam as investors cheered his pick for Treasury Secretary, Scott Bessent. Beliefs he will be a steadying voice in the administration’s fiscal measures, while still following President-elect Trump’s tariff and tax commitments, underpinned.
Asia & European Sessions:
- Trump threatened on Monday to impose sweeping new
Market Rebounds as Putin Signals Readiness for Peace Talks; Focus Shifts to NVIDIA!
- US Stocks drop to a 2-week low after Ukraine fired US-made missiles into Russia, but rebound in the US session.
- Putin updates nuclear doctrine, allowing Russia to strike Ukraine if it uses weapons from nuclear-armed nations.
- Walmart again beat earnings expectations pushing the stock 3.00% higher. Earnings Per Share beat
BTC flirts with $100K, Stocks higher, Eurozone PMI signals recession risk
Asia & European Sessions:
- Geopolitical risks are back in the spotlight on fears of escalation in the Ukraine-Russia after Russia reportedly used a new ICBM to retaliate against Ukraine’s use of US and UK made missiles to attack inside Russia.
- The markets continue to assess the election results as President-elect
Treasuries cheapen slightly, Wall Street slips after Powell’s remarks
In the US session, the comments from Fed Chair Powell suggesting the FOMC might be pausing rate cuts weighed on Treasuries and Wall Street, keeping the US Dollar firm. Powell said the data are not showing the need for the FOMC to hurry with rate cuts. His remarks followed on …
Czytaj więcejS&P 500 Earnings: Analysts Predict Walmart Will Outperform
- The Great British Pound retraces upwards breaking the Dollar’s seven-day winning streak.
- Meta stocks continue to fall after the European Commission imposes a fine of 797 million Euros due to unfair conditions.
- Susan Collins, the chairperson of the Federal Reserve of Boston, said that a 0.25% rate cut could be