Trump’s victory sparks US equity rally

Trump’s victory sparks US equity rally

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Technology earnings, historic moves in precious metals, and Kevin Warsh to be the next Fed chair?

US equities were mixed yesterday, with investors rotating out of technology as Microsoft dropped sharply while Meta jumped. In Europe, SAP’s steep fall weighed on the DAX, while the Swiss market outperformed. Precious metals are experiencing extreme volatility after record highs, ...  Show more

Fed holds steady, S&P 500 hits 7,000 and gold smashes records

The US Federal Reserve left rates unchanged and struck a data‑dependent tone, even as political pressure around the central bank intensifies. The S&P 500 briefly crossed 7,000 before paring gains, tech earnings from Meta, Microsoft and Tesla sent mixed signals after the close, an ...  Show more

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Bond investors are counting on US tariff revenues
FT News Briefing

US President Donald Trump’s nominee to join the Federal Reserve has vowed to uphold central bank independence, bond traders are banking on revenue from Trump’s tariffs to bolster US public finances, and Nasdaq is trying to combat a number of suspected “pump and dump” scams. Plus, ...  Show more

Wall Street Speaks Out Against Tariffs
The Journal.

Last week, U.S. stocks lost $6.6 trillion in value during a two-day washout after President Trump announced large tariffs on countries around the world. As markets continue to swing, Wall Street leaders are speaking out, including billionaire investor Bill Ackman and JPMorgan Cha ...  Show more

Lessons from the recent US Treasuries sell-off
Behind the Money

Markets shook after US President Donald Trump announced his so-called reciprocal tariffs earlier this month. But there was one market in particular that got investors particularly worried: Treasuries. What’s usually a safe haven asset suddenly saw huge sell-offs. Trump managed to ...  Show more

Dollar Drops, Gold Rises as Trump Ousts Fed's Cook
Bloomberg Daybreak: Asia Edition

The dollar dropped and gold gained after President Donald Trump removed Federal Reserve Governor Lisa Cook, raising concerns about the independence of the central bank. A gauge of the dollar retreated 0.3% as Cook will be removed from the position effective immediately, according ...  Show more