The stock market experienced a significant surge in pre-market trading after the US election, with the Dow Jones seeing its largest increase in two years. Trump Media shares also saw a substantial rise of over 40%, reflecting investor optimism about Donald Trump's expected victory as the next president.
Trader Andreas Lipkow believes that the market has recovered from recent losses, indicating the beginning of a year-end rally. The focus now shifts to the upcoming meeting of the US Federal Reserve, where the remarks of Fed Chairman Jerome Powell will be closely watched. According to analysts at Commerzbank, the Fed faces a challenging decision-making environment, especially with the possibility of rate cuts in both Thursday's meeting and in December. It is anticipated that the landscape for monetary policy will undergo significant changes by spring, coinciding with the implementation of Trump's tariff plans.