Stock Market Today: Asian shares retreat after Trump’s victory as focus turns to the Fed

  • 📰 Mynorthwest
  • ⏱ Reading Time:
  • 79 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 56%
  • Publisher: 53%

Mynorthwest.Com - Seattle News Notícia

Sports,Weather,Traffic

Shares retreated in Asia early Thursday after U.S. stocks stormed to records as investors wagered on what Donald Trump’s return to the White House will

mean for the economy and the world.

Trump has promised to slap blanket 60% tariffs on all Chinese imports, raising them still more if Beijing makes a move to invade the self-governing island of Taiwan. On Wednesday, the U.S. stock market, Elon Musk’s Tesla, banks and bitcoin all stormed higher, however, as investors made bets on what Donald Trump’s return to the White House will mean for the economy and the world. Among the losers the market sees: the renewable-energy industry and potentially anyone worried about higher inflation.

Investors see Trump’s policies potentially leading to stronger economic growth. That helps push prices down and yields up for Treasurys. Tax cuts under Trump could further swell the U.S. government’s deficit, increasing borrowing and forcing yields even higher. The yield on the 10-year Treasury jumped to 4.43% from 4.29% late Tuesday, which is a major move for the bond market. It’s up substantially from August, when it was below 4%.

The Fed will announce its latest decision on interest rates Thursday, where the expectation is still for a cut, according to data from CME Group. But traders are already paring back forecasts for how many cuts the Fed will provide through the middle of next year. The price of bitcoin slipped to $$76,165 after hitting an all-time high above $76,480 on Wednesday, according to CoinDesk. Trump has pledged to make the country “the crypto capital of the planet” and create a “strategic reserve” of bitcoin.AP Race Call: Republican Abraham Hamadeh wins election to U.S. House in Arizona’s 8th Congressional District

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 438. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Stock market today: Asian shares gain as China releases plan for market supportAsian shares are higher after China's central bank released plans for supporting stock markets through share repurchases.
Fonte: wjxt4 - 🏆 246. / 63 Consulte Mais informação »

Stock market today: Asian shares gain as China releases plan for market supportAsian shares are higher after China's central bank released plans for supporting stock markets through share repurchases.
Fonte: ksatnews - 🏆 442. / 53 Consulte Mais informação »

Stock market today: Asian markets mostly fall after Wall Street logs 3rd loss in a rowShares are mostly lower in Asia after a third straight day of losses on Wall Street.
Fonte: ksatnews - 🏆 442. / 53 Consulte Mais informação »

Stock market today: Asian shares are mixed after Wall Street drifts ahead of US Election DayShares are mixed in Asia after U.S. stock indexes drifted lower at the start of a momentous week full of potential flashpoints in Washington, D.
Fonte: wjxt4 - 🏆 246. / 63 Consulte Mais informação »

Stock market today: S&P 500 slips as Treasury yields jump; tech earnings eyedStock market today: S&P 500 slips as Treasury yields jump; tech earnings eyed
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »

Stock market today: Stocks, bond yields and bitcoin advance with US vote count uncertainShare prices and bond yields have surged as investors awaited updates on the outcome of the U.S. presidential election.
Fonte: ksatnews - 🏆 442. / 53 Consulte Mais informação »