The dollar climbed and Treasury futures fell as traders ratcheted up wagers that Donald Trump would win the US presidential election after an assassination attempt. The greenback strengthened against every Group-of-10 peer, the Mexican peso slipped and Bitcoin touched its highest in nearly two weeks. The moves reflect bets on the prospect of the Republican’s return to the White House ushering in tax cuts and higher tariffs. Futures point to a rise in Treasury yields when cash trading starts in Europe, as it’s closed in Asia due to a holiday in Japan. Stocks slipped Asia, with Chinese stocks in Hong Kong extending losses after data showed weakening momentum in the world’s second-largest economy. S&P 500 contracts pointed to a higher US open. The Republican’s support for looser fiscal policy and higher tariffs are generally viewed as likely to benefit the dollar and weaken Treasuries. Yields surged in the wake of Joe Biden’s poor debate performance last month, showing the sensitivity of Treasuries — particularly longer-dated securities. Shares of South Korean defense and nuclear energy firms also climbed, reflecting the ripple effects of US political developments around the world. Bitcoin topped $62,000 on Monday, against the backdrop of Trump increasingly embracing the crypto industry in a bid to court voters. To be sure, there’s still plenty of room for surprises with almost four months to go in the US election campaign. Monday’s action also follows what many considered a watershed week in the Federal Reserve’s fight against inflation, with economic reports bolstering bets on two rate cuts in 2024. Traders are focused on the Third Plenum, a meeting of China’s top leadership that starts Monday, for policy support after economy grew at the worst pace in five quarters. The downbeat data also contributed to a decline in the country’s ten-year bond yield. Earlier Monday, the People’s Bank of China kept its one-year policy rate unchanged, as expected.
Nikkei Closed Hang Seng -1.28% CSI +0.13% Shanghai +0.05% Shenzen -0.75%
Eur$ 1.0894 CNH 7.2754 CNY 7.2611 JPY 157.99 GBP 1.2975 CHF 0.8956 RUB 87.8812 TRY 33.0344 WTI$ 82.40 Gold 2,411-- BTC 62,627 +3,8% ETH 3,339 +4%
S&P +0.26% Nasdaq +0.41% EuroStoxx -0.69% FTSE -0.20% Dax -0.47% SMI -0.17%
Macro :
- Automotive Chipmakers Lose If EV-Unfriendly Trump Wins: React
- London’s IPO Hopefuls Say Overhaul of Listing Rules Not Enough
- London’s IPO Hopefuls Say Overhaul of Listing Rules Not Enough
- Saudi Arabia’s Transformation Stretches Economy and Petrowealth
- Powell Will Drive Next Wave of Cross-Asset Exuberance: In Play
- FBI Says Trump Rally Shooter Appears to Have Acted Alone
- Watch Greek Assets as Scope Lifts Greece’s Outlook to Positive
Keep an eye on :
Keep an eye on :
- AAPL US : Smartphone Market Grows 6% as AI and Discounts Help Demand
- APTD LN : Aptitude Software Group Sees Earnings in Line With Expectations
- ARYN SW : Aryzta Names Michael Schai as New CEO From January 2025
- ATO FP : Atos Says Financings of up to €1.675B Committed in Rescue Plan
- BYW6 GY : BayWa Commissions Restructuring Opinion
- BLK US : BlackRock Says Gunman From Trump Rally Appeared in Firm’s Ad
- BRBY LN : Burberry Sees Earnings Below Consensus
- CNA LN : Sky News: British Gas owner Centrica in talks to find new chairman
- CNA LN : Sky News: British Gas owner Centrica in talks to find new chairman
- COP GY : CompuGroup 2Q Adjusted Ebitda Margin Misses Estimates
- GJF NO : Gjensidige 2Q Pretax Profit Misses Estimates
- GOOGL US : Alphabet Is Said in Talks to Buy Wiz in $23 Billion Cyber Deal
- INTRUM SS : Intrum Heading for Selective Default on Bond Exchange, S&P Warns
- LLOY LN : Lloyds Trims Taxis, Business Class Flights for Staff: FT
- MOWI NO : Mowi Prelim 2Q Ebit About EU230M, Est. EU264.1M
- HOME SM : Neinor, Octopus to Create Spanish Senior living JV
- NDA FH : Nordea Bank 2Q Net Interest Income Misses Estimates
- NDX1 GY : Nordex Group 1H Order Intake 3.4 GW vs 2.64 GW Y/y
- PARA US : Investor Gabelli Files Suit to Access Paramount’s Books: Puck
- CFR SW : Is the company going to stay independant - Miss Tweet (sent Sunday)
- IDS LN : Royal Mail suitor to spend £800m and take on Amazon
- IDS LN : Royal Mail suitor to spend £800m and take on Amazon
- SPM IM : Saipem Gets Two Projects in Saudi Arabia Worth ~$500M
- SMCP FP : SMCP Says Court Rules Transfer of 15.9% Stake Was Invalid
- SMCI US : Super Micro Computer to Replace Walgreens Boots in Nasdaq-100
- TLGO SM : SPAIN, SKODA TRANSPORTATION IN TALKS OVER TALGO TAKEOVER: CINCO
- TKA GY : Internal dispute at Thyssen-Krupp paralyzes restructuring : Handelsblatt
- TOM2 GY : TomTom Signs Long-Term Location Tech Pact With Microsoft
- UHR SW : Swatch 1H Operating Profit Misses Estimates
- TOM2 NA : TomTom Signs Long-Term Location Tech Pact With Microsoft
- VFS US : VinFast Auto Cuts FY Vehicle Deliveries Forecast
- VIV FP : Top French League Is Said to Pick Dazn, BeIN Broadcast Deal
- YTME SW : Adrian Cheng’s C Capital to Merge With Swiss-Listed Youngtimers
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