2024-07-22 01:30:10
The bag of NY closed higher yesterday, with the Dow Jones marking a new record, after the former US president and Republican candidate Donald Trump survived an assassination attempt on Saturday.
The index Dow Jones reached an all-time high of 40,211.72 by gaining 0.53%. The technology Nasdaq advanced 0.40% and the broader S&P 500 index gained 0.28%.
On Saturday, the Republican tycoon Trump survived an assassination attempt during an open-air rally in Butler, Pensilvania.
“Trump already had the wind at his back after the debate: the events of the weekend only reinforce the certainty that he will win in November,” he wrote. Neil Wilson, an analyst at Finalto.
“Many view the former president as a more market-friendly candidate, in part because of his push for deregulation and lowering corporate tax rates, said Patrick O’Hare of briefing.com. A Trump administration “will be good for equities, but probably not for fixed income,” he said. Jack Ablin, de Cresset. Bond market investors fear that the Trump camp’s desire to raise tariffs could lead to a rise in inflation.
Long-term interest rates in USA recovered, with the 10-year bond rising to 4.22%, compared with the 4.18% from Friday.
A reason for joy for the markets is that “the probability of a reduction in official rates in September is now 94%”, reported Philippe Cohen, manager Kiplink Finance.
The president of the Federal Reserve US Fed chief Jerome Powell said on Monday that he was encouraged by the slowdown in inflation.
“We didn’t gain any additional confidence in the first quarter, but all three second-quarter readings, including last week’s, add some confidence,” Powell said in an interview with David Rubenstein, Economic Club of Washington DC.
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2024-07-22 01:30:10