{
}
A surge in American steel stocks followed former President Donald Trump's victory, with shares of the four largest US steelmakers rising over 10%. Investors anticipate that Trump's win will lead to increased protectionism and a shift in global trade rules, as he pledged to impose more duties on imports that threaten domestic jobs and industrial capacity.
In the recent elections, Arizona voters favored stricter immigration enforcement, while several states, including Republican-leaning ones, enshrined abortion rights in their constitutions. California saw a backlash against progressive criminal justice reforms, leading to the ousting of District Attorney George Gascón. Additionally, Florida's attempt to legalize recreational marijuana fell short, and most states opted to maintain their existing electoral processes.
Donald Trump's Republicans are poised to potentially gain control of both chambers of Congress, marking their first opportunity in eight years to implement a comprehensive agenda. This could include significant tax and spending cuts, energy deregulation, and enhanced border security measures.
Starting January 1, 2025, social security contributions will rise significantly, with the contribution assessment ceiling for pensions increasing to €8,050 per month and health insurance to €6,150. This change, driven by a projected wage growth of 6.4%, aims to address inequalities in contributions, particularly from high earners, and is expected to generate an additional €2 billion for the pension fund.
Silicon Valley anticipates a significant shift in its relationship with the US government as Donald Trump returns to the White House, promising to reverse many policies of his predecessor. He aims to dismantle Biden's executive order on AI safety, adopt a more lenient approach to antitrust merger oversight, and has expressed skepticism about a bipartisan initiative to enhance domestic semiconductor production.
Ireland is set to hold a general election on November 29, as Prime Minister Simon Harris aims to leverage a favorable budget and declining support for opposition party Sinn Fein. With Fine Gael polling at 24.5% and Sinn Fein at 18.5%, Harris seeks a mandate to continue his coalition's governance amid challenges like housing costs and migration concerns.
UBS Asset Management maintains an overweight stance on global equities, particularly in the US and emerging markets, citing strong earnings potential despite high valuations. The firm is bullish on the JPY due to anticipated Bank of Japan tightening, while underweighting the CHF and European equities due to economic challenges. Emerging currencies show a mixed outlook, favoring BRL and ZAR for their carry potential, while cautioning against tariff risks impacting AXJ.
Former U.S. President Donald Trump's return to office may shift focus back to NATO members' defense spending, as he has previously criticized European allies for inadequate contributions. Currently, two-thirds of NATO allies meet the 2% GDP defense spending commitment, with Poland leading at 4.12% in 2024.
The election of Donald Trump as the next US president introduces risks and uncertainty for the global economy, according to Bank of France Governor Francois Villeroy de Galhau. His policies are expected to increase deficits and elevate long-term borrowing costs, prompting Europe to confront its economic vulnerabilities.
The governing coalition in Germany is in crisis talks to prevent a collapse, as tensions rise among the Social Democrats, Greens, and Free Democrats over economic strategies. With the country facing economic contraction and the return of Donald Trump raising concerns, leaders are under pressure to reach a consensus on budgetary issues and climate targets. Failure to agree could lead to a minority government or early elections, which polls suggest would be detrimental for all coalition parties.
Donald Trump
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
steel stocks surge as trump victory raises protectionism hopes
21:27 06.11.2024
voters express views on abortion immigration and criminal justice in elections
United States Dollar
Trulieve Cannabis Corp.
Coin Citadel
USA
George Gascón
Ron DeSantis
Nathan Hochman
Ken Griffin
Donald Trump
Show more
20:08 06.11.2024
Trump's Republicans poised to regain control of Congress and advance agenda
20:06 06.11.2024
higher social security contributions approved to support pensions and health insurance
Euro
DRV 1890 GmbH
DEU
Hubertus Heil
Christian Lindner
Katharina Dröge
Verena Bentele
Donald Trump
Show more
20:06 06.11.2024
tech giants prepare for policy shifts under trump administration
20:00 06.11.2024
ireland to hold general election on november 29 as support shifts
Euro
United States Dollar
Fianna Fail
Sinn Fein
Green Party
Fine Gael
IRL
Conor Humphries
Leo Varadkar
Donald Trump
Simon Harris
Padraic Halpin
Show more
19:56 06.11.2024
global equities poised for growth as tariff risks diminish
Euro
Japanese Yen
South African Rand
Brazilian Real
United States Dollar
UBS AG
USA
JPN
CHN
BRA
ZAF
Kamala Harris
Donald Trump
Show more
19:53 06.11.2024
Trump's election win may shift focus to NATO defense spending
Euro
Polish Złoty
United States Dollar
Apple Inc.
ALB
FRA
MNE
FIN
ESP
NOR
HUN
MKD
ITA
CAN
CZE
SVN
LTU
USA
TUR
EST
GBR
DEU
BEL
NLD
BGR
SVK
ROU
HRV
DNK
LVA
GRC
PRT
LUX
POL
SWE
Donald Trump
Mark Rutte
Kamala Harris
Show more
19:42 06.11.2024
Trump's election raises global economic risks warns ECB's Villeroy
19:27 06.11.2024
German coalition in crisis talks to prevent government collapse amid economic challenges
United States Dollar
FDP Biker e. V.
Reuters Ltd.
DEU
USA
Christian Lindner
Robert Habeck
Donald Trump
Olaf Scholz
Matthias Miersch
Show more
19:20 06.11.2024
Trending
Subcategory
Corporate News
Industry Trends
Stock Market Updates
Retail and Consumer Goods
Global Financial Events
Finance Mergers & Acquisitions
Global Trade Developments
Central Bank Actions
Industry Mergers & Acquisitions
Banking Regulations
CEO Changes
Supply Chain Management
Energy Sector Developments
Cryptocurrency Trends
Market Analysis and Predictions
Startups & Entrepreneurship
Government Economic Policies
Workplace Trends
AI Innovations
Commodities
Countries:
Companies:
The Goldman Sachs Group, Inc.
Bank of America Corporation
Alphabet Inc.
Apple Inc.
Tesla, Inc.
Citigroup Inc.
Barclays PLC
Wells Fargo & Company
Deutsche Bank RV Global PP
Commerzbank AG
PepsiCo, Inc.
Google Inc.
BNP Paribas SA
UBS Group AG
Lloyds Banking Group plc
NVIDIA Corporation
Wix.com Ltd.
BP Castrol K.K.
Valvoline Inc.
Bosch Limited
Currencies:
United States Dollar
Euro
Chinese Yuan
British Pound Sterling
Swiss Franc
Indian Rupee
Japanese Yen
Canadian Dollar
Russian Ruble
United Arab Emirates Dirham
Offshore Chinese Yuan
Indonesian Rupiah
Ghanaian Cedi
Hungarian Forint
Albanian Lek
South Korean Won
Brazilian Real
People:
Donald Trump
Elon Musk
Warren Buffett
Sergey Brin
Larry Page
Goldman Sachs
Kelvin Taylor
Carsten Fritsch
Christopher Chandler
Scott Bessent
Martin Schlegel
Jerome Powell
Kubra Khan
Joe Biden
Volkmar Baur
Christopher Wallerstedt
Brian Moynihan
Francesco Gaetano Caltagirone
Leonardo Del Vecchio
Howard Lutnick