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Donald Trump has won the US election against Kamala Harris, raising concerns about a potential protectionist leadership style that could impact Germany's export-driven economy. Meanwhile, the Federal Reserve has tightened interest rates by 25 basis points, now ranging from 4.50 to 4.75 percent, while US consumer sentiment has improved unexpectedly, climbing to 73 points in November. Investors are now focused on upcoming US consumer price data, set to be released on Wednesday.
US consumer sentiment reached a seven-month high in early November, driven by optimism regarding the economy and personal finances. The University of Michigan's preliminary sentiment index rose to 73, with the expectations index climbing to 78.5, the highest since mid-2021.
University OF Michigan Credit Union Cooperative
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US election outcome and Fed rate hike raise investor concerns
United States Dollar
University OF Michigan Credit Union Cooperative
DEU
USA
Kamala Harris
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19:43 08.11.2024
us consumer sentiment reaches highest level in seven months
16:00 08.11.2024
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