Investors are also focused on a US central bank rate decision and a key announcement on the Chinese economy.

Summary

The U.S. dollar surged 1.5% and Bitcoin hit a record high after Donald Trump’s projected election victory, as markets anticipate pro-business policies, tax cuts, and inflationary pressures.

Global stocks also rose, with Japan’s Nikkei up 2.6% and Australia’s ASX 200 up 0.8%. Trump’s plans to make the U.S. a “cryptocurrency capital” and potentially increase trade tariffs, especially on China, are fueling market reactions.

Investors are now awaiting the U.S. Federal Reserve’s interest rate decision and China’s economic strategy announcement, as uncertainty looms over global trade and inflation.

  • @Professorozone
    13•2 months ago

    Yup should be fine without a few of these pesky news agencies around anymore or a few of his political rivals or you know, NOAA and a department of education. I’m sure it will be fine and 50,000 government employees won’t be replaced by loyalists. Corporations aren’t really paying taxes now anyway, why would a little less matter. Removing protections for minorities won’t make a difference either or getting out of NATO. And what a relief not to have to vote anymore. Cozying up to every dictator in the world and paying 10% more for everything will be just like any other election.

    I think we’re good. Easy Street baby!