This is not surprising in the sense that Donald Trump is rather favorable to cryptocurrencies. During the day, Bitcoin fell back to $73,000, a figure which still remains more than 60% higher than on January 1.
The re-election of Donald Trump, a disaster for the climate? “It could be a very hard blow”
On the stock market side, we have observed effects at the global level. “The rapid confirmation of Donald Trump as the next US president has propelled the dollar and punished the euro, with investors betting on tariffs on imports affecting trade, while tax cuts could benefit US companies . U.S. stock futures saw their biggest rise in a year, while the dollar was poised for its biggest one-day jump since 2022. Bitcoin hit record highs and Treasuries were put to hurt“, analyzes the specialized site zonebourse.com.
In Asia, the Tokyo Stock Exchange also closed sharply higher this Wednesday morning. In Europe, the day also started well with a jump of 0.7% for the Stoxx 600, 0.5% for the Bel 20 and even 0.7% for the CAC40.
“The return of Donald Trump to the White House will lead to a very strong resurgence of tensions on the transatlantic level”
“So far, markets are following the same scenario as in 2016 during Trump’s victory: stocks are rallying, while long-term US Treasury bonds are being sold off in anticipation of a fiscal expansion“, comments Gordon Shannon, portfolio manager at TwentyFour Asset Management, to our colleagues at the Echo.
