Even before the official announcement of the results, “the imprint of Donald Trump leaves its mark on the financial markets”, notes Bloomberg. For the information site, the victory of the Republican candidate in the American elections announces the return of “foil du ‘Trump Trade’”, this speculative boom in the markets which anticipate politics “tried” of tax cuts and increases in customs duties of the former re-elected president.
“Shares of American companies jumped,” just like the rate of the dollar, which “recorded its largest increase against major currencies since 2020”. As for bitcoin, it has “reached a record level”, details the American economic media.
The markets “are betting on likely tax cuts, rising customs duties and the return of inflation” under the Trump presidency, translates the BBC. The economic policy announced by the Republican caused the dollar to soar by 1.5% against many currencies, “including the pound, the euro and the yen”.
The return of inflation
While the main American stock indices closed Tuesday evening “up more than 1%” by banking on a Republican victory, they should “probably also open sharply” what wed
