Trading news

Markets rally in Trump victory aftermath







US stocks rally as investors reassess the effect of Trump victory

US stocks rallied on Wednesday after investor confidence was restored following initial shock from surprise Trump victory. The dollar ended higher: the live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, closed 0.66% higher at 98.582. The S&P 500 gained 1.1% settling at 2163.19. led by real estate shares. The Dow Jones industrial average closed 1.4% higher at 18589.04, led by Pfizer and Caterpillar shares. The Nasdaq added 1.1% to 5251.07.










European stocks advance on prospect of more US fiscal stimulus

European stocks closed higher on Wednesday recovering from sharp early losses after market sentiment was buoyed by Trump's acceptance speech promising expansionary policy measures such as infrastructure spending and corporate tax cuts. The euro weakened while the British Pound strengthened against the dollar. The Stoxx Europe 600 ended 1.5% higher recovering from early losses as much as 2.4%. Germany’s DAX 30 ended 1.5% higher at 10646.01. France’s CAC 40 gained 1.5% and UK’s FTSE 100 index added 1.0% closing at 6911.84.










Asian markets stage strong comeback

Asian stocks are rebounding today as investors’ risk appetite got a boost from the prospect of accelerated US growth after Trump promised more infrastructure spending, tax cuts and higher defense spending. Nikkei rallied 6.7% to 17344.42, recovering from 5.4% loss on Wednesday even as yen slipped against the dollar. Chinese stocks rose to a 10-month high today with the Shanghai Composite Index up 1.4% and Hong Kong’s Hang Seng index 2.1% higher. Australia’s All Ordinaries Index jumped 3.3% as the Australian dollar edged higher against the dollar.










Oil rises despite US inventories build

Oil futures prices are extending gains today despite expectations for more pro-energy US policies under Trump presidency as in his campaign speeches he advocated for more oil and gas output and less red tape which holds back billions of dollars of investment in new projects. Trump has also promised to rescind the Environmental Protection Agency's Clean Water Rule, which energy producers consider an impediment for expansion of fracking production. Prices ended higher the previous day despite the Energy Information Administration report of a second straight weekly rise in US crude supplies. January Brent crude gained 0.7% to $46.36 a barrel on Wednesday on London’s ICE Futures exchange.



Thursday, 10 Nov, 2016 / 10:34

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : http://www.ifcmarkets.com/en/market-overview/markets-rally-in-trump-victory-aftermath

Trading news

 

BoE clips pound’s wings, equities brace for turbulence

  Sterling capsizes after BoE opens door to negative [...]

Posted on Friday, 18 Sep, 2020 / 8:47 under

DAX remains in a range – DAX 30 Market Outlook – 18/09/2020

European equities continue to trade in a range between 13135 support and 13300 [...]

Posted on Friday, 18 Sep, 2020 / 8:35 under

OIL breached above the 200-daily SMA – US OIL Market Outlook – 18/09/2020

WTI Crude breached the 200 period SMA on the daily chart, hitting our long [...]

Posted on Friday, 18 Sep, 2020 / 8:20 under