Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

Pound tumbles, stocks surge as Trump heads back to the White House

by
November 6, 2024
in Top News
0
Pound tumbles, stocks surge as Trump heads back to the White House
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

The pound fell sharply against the dollar, dropping 1.4% to $1.285—its lowest in two months—as traders adjusted to the news of Donald Trump’s projected return to the White House.

Known for his “America First” policies, Trump’s victory sent the dollar soaring, with gains of 2% against the euro and 1.8% versus the yen. Investors are betting that his plans for tariffs and increased spending could fuel inflation and maintain high US interest rates.

Stock markets also rallied, with the FTSE 100 in London up 1.3% and the mid-cap FTSE 250 jumping 1.8%. US-facing stocks led the gains, with Ashtead up 6.8%, InterContinental Hotels climbing 5.7%, and Entain rising 4.9%.

US markets appeared poised to continue the rally, with S&P 500 and Dow futures indicating gains over 2% as trading opened. Treasury yields spiked, with 10-year bond yields reaching 4.47%, as investors anticipated higher growth and fiscal spending under Trump. European bond yields, meanwhile, fell amid fears that Trump’s policies could hamper growth, prompting central banks to consider rate cuts.

Bitcoin surged 8.5% to a record $75,060 as Trump, nicknamed the “Crypto President,” reiterated his commitment to “putting America first” in his acceptance speech, further boosting crypto market confidence.

ShareTweetPin

Related Posts

Have a taste of the perfect day in paradise with SULÀ Spirits
Top News

Have a taste of the perfect day in paradise with SULÀ Spirits

January 8, 2025
First months of 2025 likely rainy amid La Niña conditions, says PAGASA
Top News

First months of 2025 likely rainy amid La Niña conditions, says PAGASA

January 8, 2025
December inflation rises to 2.9%
Top News

December inflation rises to 2.9%

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
PHL end-December dollar reserves drop to $106.8B
Top News

PHL end-December dollar reserves drop to $106.8B

January 7, 2025
Next Post
Treasury accused of hiding £9.5bn ‘black hole’ in budget, says OBR chief

Treasury accused of hiding £9.5bn ‘black hole’ in budget, says OBR chief

Recommended

Crypto Market Recap: US Crypto Legislation “Imminent,” Coinbase Gets Bullish Rating

Crypto Market Recap: US Crypto Legislation “Imminent,” Coinbase Gets Bullish Rating

March 20, 2025
5 Advantages to Using Loan Management Software

5 Advantages to Using Loan Management Software

December 2, 2024
Far Eastern University, Inc. to hold Annual Stockholders’ Meeting on Oct. 19

Far Eastern University, Inc. to hold Annual Stockholders’ Meeting on Oct. 19

September 24, 2024
23 Buchiton outlets to open in Philippines

23 Buchiton outlets to open in Philippines

August 6, 2024
TGV Invests $2m to Boost Printler’s Global Expansion and AI-Driven Art Marketplace

TGV Invests $2m to Boost Printler’s Global Expansion and AI-Driven Art Marketplace

October 3, 2024
Westminster Honors Inspiring Community Projects: Winners of UKMSA Shed of the Year Awards Revealed

Westminster Honors Inspiring Community Projects: Winners of UKMSA Shed of the Year Awards Revealed

November 21, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 InvestDailyPro. All Rights Reserved.

    Disclaimer: InvestDailyPro.com, its managers, its employees, and assigns (collectively InvestDailyPro ) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Terms & Conditions
    • Thank you

    Copyright © 2024 investdailypro.com | All Rights Reserved