Shares of German automakers nosedived on Wednesday as concerns grew over potential tariff hikes by a returning Trump administration. Porsche stock was down by 5.3% at 12:04 pm GMT, slightly up after hitting its lowest level since going public over two years ago. Volkswagen was down by 5.4% following its…
US equity benchmarks hit record highs on Wednesday after Republic Donald Trump secured his second presidency. At the time of writing, the Dow Jones Industrial Average was up 3%. It surged more than 1,200 points on Wednesday to hit a lifetime high. The last time the average rose 1,000 points…
Donald Trump’s return to the White House marks a historic win. He is now only the second president, after Grover Cleveland, to serve non-consecutive terms. Trump’s victory signals a likely shift in US policy, as his administration eyes tax cuts, immigration restrictions, and sweeping trade tariffs. While equity markets, the…
Brazil’s Finance Minister Fernando Haddad announced on Wednesday that the government has concluded discussions on new fiscal measures to stabilize the nation’s finances. The reforms aim to mitigate the risks posed by global economic uncertainty, amplified by the recent US presidential election of Republican Donald Trump, and to reassure investors…
With Donald Trump reclaiming the White House, ESG (environmental, social, and governance) fund managers are bracing for a renewed wave of GOP-led opposition. Trump’s return is expected to energize conservative campaigns against ESG investing, and legal risks for these funds are set to intensify. The impact of Trump’s win on…
When the Federal Reserve wraps up its latest meeting on Thursday, investors anticipate a notable, though predictable, outcome: a 25 basis point interest rate cut. This decision aligns with efforts to recalibrate monetary policy as economic data points to moderated inflation and a cooling job market. Yet, while the cut…
The GBP/USD exchange rate retreated for six consecutive weeks, reaching its lowest level since August 12. It has retreated by almost 4% from its highest level this year as traders focus on the US election and the upcoming Federal Reserve and Bank of England (BoE) interest rate decisions. US bond…
The Federal Reserve is expected to announce another interest rate cut today, making it the third reduction this year. With inflation cooling and the labour market softening, the Fed is likely to lower its benchmark rate by a quarter-point, bringing it down to 4.5%-4.75%. But this decision comes at a…
The sharp fall in gold prices on Wednesday could mean that the rally seen in recent months is tapering off. After the decisive election outcome in the US, gold prices have scaled back below $2,700 per ounce. The swift and decisive outcome of the election result effectively removed the uncertainty…