The S&P 500 index closed positively for the third consecutive session on Monday, driven by global momentum in equities that lifted Wall Street's expectations for Trump's fiscal plan. This plan could potentially slow down the Federal Reserve's interest rate hikes. As a result, the U.S. dollar might gain strength against other currencies like the euro and sterling. However, Trump's tariff tactics may differ significantly from his campaign promises on tariffs.
Despite some market wariness over the possibility of Trump incrementally introducing higher tariffs, analysts suggest the final tariffs might not match his initial proposals. In the U.S., the Federal Reserve will release minutes from its November meeting where they announced a quarter-point interest rate cut. Meanwhile, European equity markets, despite looking gloomy, have seen solid outperformance from share buyback strategies. The spot price of gold dropped sharply by 3.44%, reflecting a significant decline similar to the post-election sell-off on November 6th. Additionally, Trump plans to impose an additional 10% tariff on Chinese goods and 25% tariffs on products from Mexico and Canada, according to recent posts
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: adndotcom - 🏆 293. / 63 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: CBSNews - 🏆 87. / 68 Read more »