US Election Insights
Last week’s US election results sent shockwaves across the globe. Donald Trump’s decisive win, sweeping the Electoral College, securing the popular vote, and flipping the Senate has raised many questions about the future direction of the US, its economy, and global relations.
While Trump’s victory brings a sense of clarity to the markets (with investors responding positively), it also signals potential disruptions: a more isolationist foreign policy, possible tariff wars, and a focus on deregulation that could have far-reaching implications. For emerging markets, such as South Africa, the economic and diplomatic landscape could become more challenging as global institutions face greater strain.
Financial Indicators by Sharedata.co.za
Local markets plunge amid Trump’s election win, Fed’s rate cut
South African equity prices continue to weaken for the second consecutive week. Global share markets were uncertain and mostly negative at the beginning of last week as they awaited the results of the US presidential election and the interest rate decision by the Federal Open Market Committee of the US Federal Reserve last Thursday. Read the full report by Chris Harmse on IOL Business here>
S&P 500 hits record above 6,000 points on Trump win
The US S&P 500 zoomed past 6,000 points on Friday to a new record while Treasury yields retreated, as investors again cheered Donald Trump’s decisive victory, though disappointment about China’s latest fiscal support dampened the mood elsewhere. Read the full BusinessDay article here>
Dollar retains strength ahead of CPI, Fed speakers; euro heads lower
The U.S. dollar rose Monday, continuing the positive tone generated by the new Trump presidency ahead of the release of key inflation data and with a number of Federal Reserve speakers due this week. Read the Investing.com article here>
Asian shares fall after Chinese stimulus falls short of expectations
Hong Kong stocks led declines in Asia on Monday after Beijing’s latest stimulus fell short of investor expectations, overshadowing Wall Street’s record highs from Friday and futures pointing to further strength at the reopen. Read the full BusinessDay article here>