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The Dow Jones index reached a new record high, surpassing 43,000 following Trump's election win, with a solid support level established around 41,800. Meanwhile, the DAX remains above 19,000, showing short-term bearish trends despite long-term bullish potential, while the Nikkei 225 struggles below 40,000, facing potential declines if it closes below 38,700.
The Philippines' economy may benefit from the peso's depreciation following Donald Trump's election victory, according to National Economic and Development Authority Secretary Arsenio Balisacan. He expressed confidence that the current exchange rate is favorable for the remittance-reliant nation.
Taiwan must enhance its chip technology and supply chain capabilities to maintain its global leadership, according to TSMC's Senior Vice President Cliff Hou. He emphasized the need for accelerated research and development and collaboration with the government to attract foreign partners for design and materials centers in Taiwan.
The CAC 40 index initially surged following Donald Trump's election victory but ended lower as concerns over potential trade tensions with the U.S. emerged. Currently testing a crucial support level at 7340 points, the index presents a favorable risk/return trade-off for buying, with a target of 7700 points and a stop at 7250 points. A breach of 7735 points could signal a bullish reversal towards 8250 points.
President-elect Donald Trump's commitment to positioning the US as a leader in the digital-asset sector is transforming the crypto landscape. This shift has propelled Bitcoin to a record high, significantly widened its performance gap over gold since 2022, and led to unprecedented trading volumes at the largest Bitcoin ETF.
Tesla shares surged 14.8% to a new yearly high of USD 289.59 following Donald Trump's election victory. The stock broke through several technical resistance levels, with potential upward targets at USD 291.08 and USD 299.29, while downside support is seen at USD 275.62 and USD 273.54.
The re-election of Donald Trump has led to a historic surge in US bank stock prices, with Morgan Stanley, Goldman Sachs, and JP Morgan seeing significant gains. The prospect of tax cuts and reduced regulations, alongside Republican control of Congress, has fueled optimism on Wall Street, resulting in the S&P 500's largest post-election jump in a century. UBS and other Swiss banks also benefited, as the potential for relaxed regulations in the US may influence capital adequacy rules in Switzerland.
Donald Trump's return to the White House signals a cooling of the UK's "special relationship" with the US, as British leaders express concern over his policies and unpredictability. With Labour's opposition to Trump and a lack of chemistry with Keir Starmer, Britain faces increased isolation post-Brexit, lacking strong ties with the new administration. The potential for strained defense and economic relations looms, as Trump may prioritize deal-making over traditional alliances.
The election of Donald Trump for a second term raises concerns among Europeans about NATO's future, particularly regarding defense spending. While a complete withdrawal from the alliance is unlikely, increased pressure for European nations to raise their military budgets to 2.5% or 3% of GDP is expected. The shared values and military experiences among NATO members remain crucial, especially in light of Russian aggression and global security challenges.
Taiwan's Economy Minister Kuo Jyh-huei announced that the government will assist companies in relocating production from China. This move comes in response to the anticipated impact of tariffs that incoming U.S. President Donald Trump is expected to impose on China.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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