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US Treasuries experienced their largest decline since the pandemic, with the 30-year bond yield rising 24 basis points as investors reacted to the prospect of Donald Trump's potential return to the White House fueling inflation. This sell-off extended across the yield curve, prompting traders to reduce expectations for interest-rate cuts by the Federal Reserve, leading to a 13 basis point increase in yields on the two-year note.
A significant Republican victory in the U.S. has led to a surge in market activity, with the 10-year yield hitting 4.47%, the highest in four months. While U.S. index futures rose sharply, concerns linger about potential market corrections and the Federal Reserve's response to inflation, currently at 2.7%. Gold prices are declining, and despite a new Bitcoin record, rising interest rates may pose risks for both cryptocurrencies and equities. European index futures remain resilient amid these developments.
As the US election approaches, investors should brace for significant market volatility, with opportunities in equities, bonds, and gold. Regardless of the election outcome, US equities are expected to rise, driven by benign growth and AI support, while elevated bond yields present a chance to lock in attractive rates. Gold is anticipated to gain further, with a sharper rise expected if Trump wins, while a Harris victory may lead to a steadier climb.
Online trading volumes and volatility are expected to rise around the US presidential election, with potential impacts on various sectors. A Trump victory may strengthen the US dollar and boost domestic-focused companies, while a Harris win could pressure equities and the dollar due to anticipated policy shifts. Traders should monitor key technical levels in major indices and currencies, employing risk management strategies amid market uncertainty.
Gold prices remained steady as markets anticipated a closely contested US election and a forthcoming Federal Reserve rate decision. The uncertainty surrounding the presidential vote has supported bullion prices, with a potential Trump victory likely to drive prices higher due to proposed trade tariff increases that could spur inflation. The tight race suggests that the final outcome may take days to determine.
Asian equities showed caution as a tight US presidential election and the Federal Reserve's rate decision approached. Stocks in Sydney dipped, while Tokyo's benchmark futures indicated a potential rise of over 1% after a public holiday. In New York, US-listed Chinese shares gained 1.1%, amidst a lackluster performance on Wall Street, rising Treasuries, and a significant drop in the dollar.
Gold remains a top choice for risk hedging, with prices expected to reach USD 2,900/oz by September 2025, driven by geopolitical uncertainties and economic conditions. Silver, benefiting from industrial demand and a strong correlation with gold, is projected to rise to USD 36-38/oz in 2025, with a declining gold-silver price ratio indicating potential outperformance. Investors are advised to maintain long positions in silver for both defensive and growth opportunities.
As the 2024 US election approaches, markets are experiencing significant shifts, with Bitcoin surpassing $70,000 and US stock markets nearing all-time highs, reflecting optimism for a potential Trump victory. A Trump win could bolster the dollar and equities, while a Harris victory may lead to market volatility and a weakening dollar, emphasizing the importance of economic fundamentals post-election. Investors should prepare for short-term volatility and focus on technical levels as the election outcome unfolds.
U.S. equities are expected to perform well through the end of 2024, regardless of the election outcome, with a robust economy and positive corporate earnings. Four potential election scenarios are analyzed: a Republican sweep could boost markets through tax cuts, while a divided Congress may limit fiscal changes. A Kamala Harris victory could lead to a market correction, but international equities might benefit from reduced trade risks.
The Indian rupee is positioned as a strong contender among emerging markets amid the uncertainty of the US presidential election, bolstered by a central bank ready to support it with substantial reserves. As traders react to polling data showing a tight race between Kamala Harris and Donald Trump, the cost of hedging against dollar fluctuations has surged to its highest since early 2020.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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