A slew of trades around the world tied to Donald Trump’s rising presidential prospects notched decisive moves, with stock futures extending gains, Treasury yields jumping and the dollar up the most since February 2023. S&P 500 futures climbed 1.2%, 10-year yields surged 12 basis points to a four-month high of 4.39% and Bitcoin spiked to a record – moves that reflect rising wagers on a Trump presidency, with Vice President Kamala Harris’s path to victory narrowing. Stocks, Dollar and Yields Rise on Election Night. The Bloomberg Dollar Spot Index was up 1.1%. The Mexican peso slumped 2.3%, while the Japanese yen and the euro slid at least 1.2%. Contracts on the Russell 2000 Index added 2.5%. Smaller companies with typically domestic operations are seen as potential gainers in a Republican win, given the party’s protectionist stance. Trump Media & Technology Group Corp. surged in trading on Robinhood Markets Inc.’s 24-hour platform. Equities in Japan and Australia climbed, while shares in Hong Kong slipped. European stock futures are marginally lower. A cohort of investors on Wall Street have wagered that Trump’s pro-growth stance on industrial policy, corporate tax cuts and tariffs would boost stocks and could fuel inflation — spurring bond yields and the US dollar higher. Crypto is seen as benefiting from relaxed regulation and Trump’s public support for the digital currency. In contrast to Tuesday’s relatively calm session, Wall Street saw the potential for outsized moves almost regardless of the election’s outcome. Goldman Sachs Group Inc.’s trading desk said a Republican sweep may push the S&P 500 up by 3%, while a decline of the same size is possible should the Democrats win both the presidency and Congress. Moves would be half as much in the event of a divided government. Andrew Tyler at JPMorgan Securities said anything other than a Democratic sweep is likely to cause stocks to rise. A Morgan Stanley note says risk-taking appetite may dip in the event of a Republican sweep as fiscal concerns fuel yields, but if bond markets take it in their stride the likes of growth-sensitive cyclical stocks would rise. Meanwhile, it sees renewable-energy firms and tariff-exposed consumer stocks rallying under a scenario in which Harris emerges the victor with a divided Congress, while a corresponding fall in yields would benefit housing-sensitive sectors. US After Hours : QLYS +18.6%, RVLV +15.6%, TMCI +14.1%, MGNX +12.2%, GMED +9.5% higher on earnings; EXAS -30.1%, AVNW -18.2%, MEC -17.1%, SMCI -15%, CPNG -8.8% lower on earnings/guidance
Nikkei +2.61% Hang Seng -2.54% CSI -0.65% Shanghai -0.24% Shenzen -0.15%
Eur$ 1.0725 CNH 7.1885 CNY 7.1680 JPY 154.30 GBP 1.2851 CHF 0.8744 RUB 96.1729 TRY 34.2625 WTI$ 70.46 -2.11% Gold 2,706 -1.39% BTC 74,858 +8.23% ETH 2,605 +7.85%
S&P +1.55% Nasdaq +1.48% EuroStoxx +0.35% FTSE +0.72% Dax +0.21% SMI +0.55%
Macro :
- Morgan Stanley Predicts Brazil Global Bond Wave: Financials Wrap
- Tropical Storm Rafael Threatens 1.74M B/D of Gulf Oil Output
- Bitcoin Jumps 5% as Pro-Crypto Trump Takes Early Election Lead
Keep an eye on :
Keep an eye on :
- AD NA : Ahold Delhaize 3Q Adjusted Operating Margin Beats Estimates
- AMBEA SS : Ambea 3Q Net Sales Beats Estimates
- AAPL US : Apple Asks Foxconn to Produce AI Servers in Taiwan: Nikkei
- AAPL US : Apple to Face First EU Fine Under Bloc’s Digital Markets Act
- AKER NO : Aker 3Q Net Asset Value per Share NOK767 Vs. NOK860 Q/Q
- AKTIA FH : Aktia Bank 3Q Adjusted EPS Beats Estimates
- AKE FP : Arkema Cuts FY Ebitda Forecast, Misses Estimates
- AZN LN : Astra Says it Will Cooperate With Chinese Authorities if Asked
- BARN SW : Barry Callebaut FY Sales Beats Estimates
- BPSO IM : Pop. Sondrio 3Q Net Interest Income EU275.5M Vs. EU241.1M Y/y
- BMW GY : BMW 3Q Automotive Ebit Margin Misses Estimates *BMW 3Q AUTOMOTIVE EBIT MARGIN 2.3%, EST. 2.87%
- BP/ LN : BP Puts Road Fuel Stations in the Netherlands Up for Sale
- CIBUD SS : Cibus Nordic Real Estate’s Gylling to Step Down as Chairman
- COFA FP : Coface 9M Revenue EU1.38B Vs. EU1.42B Y/y
- CBK GY : Commerzbank 3Q Revenue Beats Estimates Commerzbank Boosts FY Net Interest Income Forecast, *COMMERZBANK PLANS SECOND TRANCHE BUYBACK OF UP TO €400M
- ACA FP : Credit Agricole 3Q Net Income Beats Estimates Credit Agricole Beats Estimates as Debt Traders Outperform
- CE IM : Credito Emiliano 9M Net Income EU485.9M Vs. EU439M Y/y
- CTPNV NA : CTP 9M Net Rental Income EU475.9M Vs. EU402.6M Y/y
- EDPR PL : EDP Renovaveis 9M Net Income EU210M Vs. EU445M Y/y
- RF FP : Eurazeo Assets Under Management EU35.54B
- EVK GY : Evonik 3Q Adjusted Ebitda Beats Estimates
- FRE GY : Fresenius Lifts Outlook in Sign Restructuring Plan Is Working
- G1A GY : GEA Group 3Q Adjusted Ebitda Beats Estimates
- GRF SM : Brookfield Seeks More Information on Grifols Related-Party Deals
- HEN3 GY : Henkel 3Q Sales Misses Estimates
- HZG GY : Hensoldt 9M Adjusted Ebitda EU187M Vs. EU151M Y/y
- ISP IM : Intesa Must Inform Clients of Prior Data Breach: Authority (1)
- INW IM : INWIT 3Q Revenue Meets Estimates
- JEN GY : Jenoptik Maintains FY Ebitda Margin Forecast
- BAER SW : Julius Baer Hires Goldman to Sell Brazilian Business: Neofeed
- KCO GY : Kloeckner 3Q Adjusted Ebitda EU21M
- KTN GY : Kontron Maintains FY Ebitda Forecast
- MEKKO FH : Marimekko 3Q Adjusted EPS Misses Estimates
- MOWI NO : Mowi 3Q Net Income Misses Estimates
- NEOEN FP : Neoen Maintains FY Ebitda Forecast
- NEOEN FP : Neoen Maintains FY Ebitda Forecast
- NOVOB DC : Novo Narrows FY Sales at Constant Exchange Rates Forecast
- NOVOB DC : Novo 3Q Wegovy Sales Beats Estimates
- OERL SW : OC Oerlikon Corp AG Pfaffikon PT Cut to 3.70 Swiss francs at RBC
- PNDORA DC : Pandora 3Q Revenue Meets Estimates
- PARA US : Paramount Global Discussed a Merger With Warner Bros. for Months
- PRU LN : Prudential 9M Annual Premium Equivalent $4.64B Vs. $4.42B Y/y
- RIO LN : Rio Tinto Trials Truck-Battery Swaps at Oyu Tolgoi Copper Mine
- RUI FP : Rubis 3Q Revenue EU1.63B Vs. EU1.60B Y/y
- RUI FP : Rubis 3Q Revenue EU1.63B Vs. EU1.60B Y/y
- SAN FP : Sanofi’s Dupixent Approved in EU for Young Children with EoE
- SAP GY : SAP to Invest ‘Over-Proportionally’ in India, CEO Says
- SHEL LN : Shell-Led LNG Plant Seen Boosting Canada Gas Prices to US Levels
- SHL GY : Siemens Healthineers 4Q Adjusted Ebit Matches Estimates
- SINCH SS : Sinch 3Q Net Sales Meets Estimates
- SKAB SS : Skanska 3Q Operating Profit Misses Estimates
- SOLB BB : Solvay 3Q Underlying Ebitda Beats Estimates
- S9I GY : Middleground Capital Closes Purchase of STEMMER IMAGING AG-
- TMV GY : TeamViewer Boosts FY Adjusted Ebitda Margin Forecast
- TIT IM : Telecom Italia CEO Says He’s Committed to Role, Won’t Resign
- UCG IM : UniCredit 3Q Net Income Beats Estimates, Lifts Outlook
- UCG iM : UniCredit: High Geographical Complementarity With Commerzbank
- VNA GY : Vonovia Sees 2025 Adjusted Ebitda EU2.7B to EU2.8B
- WSC US : Activist TOMS Said to Build Stake in WillScot, Push for Review
- WISE LN : Wise 1H Pretax Profit Beats Estimates
- XXL NO : XXL 3Q Ebitda Misses Estimates
- ZEAL DC : Zealand’s Weight-Loss Drug Has Minimal Side Effects in Study