Stocks dip, bitcoin approaches $90,000 as 'Trump trade' takes hold

NEW YORK, Nov 12 - Global stocks dipped on Tuesday after five straight sessions of gains while the dollar touched its highest level in over four months as investors gauge the impact of U.S. President-elect Donald Trump's likely policies on growth and inflation.

Bitcoin, the world's biggest cryptocurrency, has surged about 30% since the Nov. 5 election as it rockets toward the $90,000 mark. Trump is seen as a proponent of cryptocurrencies. Treasury yields and the dollar higher. Markets will get the latest inflation reading on Wednesday in the consumer price index for October.

Shares of Home Depot , opens new tab were down 0.4%, giving up earlier gains, after the home improvement retailer reported quarterly results. The yield on benchmark U.S. 10-year notes rose 7 basis points to 4.378%, from 4.308% late on Friday, after the bond market was closed on Monday. The dollar index , which measures the greenback against a basket of currencies, rose 0.52% to 105.97, with the euro down 0.42% at $1.0609. The greenback has risen in four of five sessions since the election to reach 106.03, its highest level since July 2.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Premarket: U.S. futures rise as chip stocks rally after TSMC results; economic data in focusEuropean stocks gain, euro weak ahead of ECB, ‘Trump trade’ lifts U.S. dollar
Source: globeandmail - 🏆 5. / 92 Read more »

Trump Trade Threat Priced into European Stocks, Barclays SaysThe risk of potential trade tariffs resulting from a Donald Trump US election win has already been priced into shares of major European exporters, according to Barclays strategists.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

From Dollar to Stocks, Trump Trade Erupts Across MarketsDonald Trump quickly put his stamp on financial markets Tuesday night. As the votes piled up in key swing states in his favor, leaving him on the cusp of returning to the White House, all the tried-and-true Trump Trade plays erupted.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Premarket: Stocks slip, bitcoin nears US$90,000 as ‘Trump trade’ whipsaws marketsTraders pile into assets they believe could benefit from the new administration
Source: globeandmail - 🏆 5. / 92 Read more »

Sell Stocks If a Trump Win Drives a Rally, Citi Strategists SayUS stocks may be rallying ahead of a potential victory for Donald Trump in next week’s US election, but for strategists at Citigroup Inc., a clean sweep for the Republican party will be a signal to sell.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Harris vs Trump: Stocks to watch as White House race enters final stretchA list of stocks and sectors that could move on the election outcome
Source: globeandmail - 🏆 5. / 92 Read more »