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A swift conclusion to the US presidential race has shifted Wall Street sentiment to risk-on, with the VIX dropping 10% and gold prices falling over 3%. As Republicans edge closer to controlling the House, a potential Red Sweep could facilitate Trump's pro-business policies, benefiting cyclicals and financials.However, concerns linger over possible tariffs on China, reminiscent of the 2018 trade war, which could impact markets globally. In Singapore, banking stocks may drive the Straits Times Index, while Japan faces challenges from potential US tariffs despite its close alliance.
Donald Trump's election victory has heightened uncertainties for the Bank of Japan, with a potential near-term rate hike looming if the yen continues to weaken. Kazuo Momma, a former BOJ executive, noted that the weakening yen could be the primary reason for an early rate increase, reflecting global economic concerns.
China's exports have shifted, with the U.S. now accounting for less than 15% of total exports, down from nearly 18% in the 2010s. As Donald Trump threatens to impose higher tariffs, analysts expect China to respond with significant fiscal stimulus, potentially exceeding 10 trillion yuan, to bolster its economy amid a real estate slump and sluggish consumer spending. The upcoming National People's Congress meeting is seen as a critical moment for these economic strategies.
Donald Trump has returned with a commitment to confront China and continue his previous trade war efforts. In a recent podcast, Bloomberg senior editor Malcolm Scott discusses the significant implications this renewed stance may have for Australia and its relationship with its largest trading partner.
South Korean shipbuilding stocks surged on Thursday, defying a broader market decline, following a congratulatory call from President Yoon Suk Yeol to Donald Trump. Hanwha Ocean Co. shares rose by 15%, while HD Hyundai Heavy Industries Co. and Samsung Heavy Industries Co. saw increases of 16% and 8.4%, respectively, making them top gainers on the MSCI Asia Pacific Index.
Donald Trump has been elected the 47th president of the United States, defeating Kamala Harris, which has sparked a significant market rally. Major U.S. indexes reached all-time highs, with the S&P 500 rising 2.53%, driven by expectations of tax cuts and deregulation under Trump's administration. While Tesla shares surged due to anticipated benefits from Trump's presidency, solar stocks fell amid fears of reduced tax credits for renewable energy.
Wealth and asset managers are expected to favor US equities following the recent presidential election, with significant gains in major indices like the Dow Jones and S&P 500. Analysts predict that Republican policies will boost inflation and growth, benefiting small-cap stocks and the dollar, despite potential geopolitical risks and trade tariffs. The outlook for US Treasury markets appears more stable, easing concerns over the congressional budget impasse.
Malaysian bonds are facing increased vulnerability to outflows, with a net withdrawal of 11.2 billion ringgit ($2.6 billion) last month, the largest since March 2020. This trend is driven by rising local yields in tandem with U.S. Treasury yields, exacerbated by a stronger dollar and the ringgit's decline.
Angel investor Alex Roy introduces "Narrative Command," a concept emphasizing the importance of storytelling in a startup's success, alongside operational mastery. He argues that a startup can define its market narrative, compelling competitors to align with it, as seen with Tesla. Roy believes that successful founders can thrive regardless of political climates by focusing on shared goals for societal betterment.
The Bank of England is poised to implement its second interest rate cut of the year, likely reducing the benchmark rate to 4.75%. This decision comes amid a rapid decline in inflation and will be influenced by the recent UK budget and Donald Trump's election victory.
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trump administration implications for markets and global trade dynamics
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narrative command shaping startups and politics in the 2024 election
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01:51 07.11.2024
bank of england set for second rate cut amid budget and election impact
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