Donald Trump says he wants to be a “crypto president”. Some big names are already reaping the benefits from his victory.
The Australian sharemarket has closed in the red,with the big miners falling sharply after China’s new economic package underwhelmed investors.
Jerome Powell says he will not resign as chairman of the US Federal Reserve should the president-elect ask him to. Trump’s advisers are working on a Plan B.
The local index was boosted by a raft of soaring stocks as investors remained optimistic for news of a stimulus boost from China.
The Australian sharemarket finished a lacklustre session by shifting into the green as investors digested the implications of Donald Trump’s election win.
Amid the near-euphoria in financial markets that erupted when it became clear that Donald Trump had regained the US presidency,there was one warning sign.
The Australian sharemarket has posted solid gains as the US presidential race tips in Donald Trump’s favour and investors bet on interest rates staying higher for longer.
Xi’s key policymakers are meeting to discuss a large fiscal stimulus package,knowing that the US election outcome could have threatening implications.
The Australian sharemarket closed in the red on Tuesday afternoon after the Reserve Bank kept interest rates on hold.
For much of this year,investors have been betting heavily on Donald Trump winning back the presidency. Over the past few days,they’ve gotten cold feet.
The Australian sharemarket has opened the week firmly in the green and all eyes are now on the US election.