As President-elect Donald Trump's Republican Party looks set to win majorities in both houses of Congress, the so-called "Trump trades" show no signs of abating. The wild ride of the Bitcoin which reached another record high near $90.000, while the dollar rose to maximum of the last four months compared to its main rivals.
The other side of the coin shows the concern about the higher tariffs that the Trump administration will want to apply, which will keep Non-US stocks under pressure, the euro, the yuan Chinese and the chip stocks in general. Futures indicate that the European stock exchanges are set to open lower, while the euro remained rooted near its lowest level since April. It yuan Chinese currency slipped to a 3 XNUMX/XNUMX-month low against the dollar on Tuesday.
Bitcoin Touches $90.000 in Asia. The Entire Sector Soars. Tesla Including
Il Bitcoin has touched $90.000, riding the wave of euphoria generated by Donald Trump's election as US president, with expectations that his administration will be friendly to cryptocurrencies. The world's largest cryptocurrency has hit $89.637 in Asia, up more than 25% since November 5. It is rising along with the carmaker Tesla by Elon Musk, up nearly 40% from the voting results, as the Investors they believe that the Trump's friends and interests will prosper as long as he is in office.
Trump embraced digital assets during his campaign, promising to make the United States the “cryptocurrency capital of the world” and build a national reserve of bitcoin.
All the crypto world is soaring. Cryptocurrency miner Riot Platforms jumped nearly 17% on Wall Street overnight and continued to rally in after-hours trading. Fellow miners Mara Holdings and CleanSpark also jumped nearly 30%. Software company and bitcoin investor MicroStrategy announced it spent about $2 billion buying bitcoin between Oct. 31 and Nov. 10. Shares rose 26% and continued to rise in after-hours trading. Smaller tokens like ether and dogecoin also surged. Cryptocurrency investors are seeing the end of tighter oversight under U.S. Securities and Exchange Commission Chairman Gary Gensler, who Trump has said he will replace. Trump also unveiled a new cryptocurrency business, World Liberty Financial, in September. “What we are seeing is not just a price milestone; it is a signal that the market is warming up to the idea of bitcoin as a more stable, even politically favored asset,” he told Reuters Justin D'Anethan, head of business development for Asia-Pacific at digital asset market maker Keyrock.
Wall Street archive the day with a fractional gain on Dow Jones of 0,69%, while, on the contrary, the S&P-500 remains at the starting line, stopping at 6.001 points, close to the previous levels. On parity, the Nasdaq 100 (-0,05%); on the same trend, without direction the S&P 100 (-0,05%). On the other hand, it shines Tesla Motors (+ 9,06%).
Asian stock markets all down. The worst is Hong Kong with -2,90%
Le Asian stocks are in sharp decline, dragged by the Chinese markets and by chip stocks, while investors are concerned about the policies of US President-elect Donald Trump, especially if the rumours of his choice of US Senator are confirmed Marco Rubio as his Secretary of State. The sentiment has remained largely pessimistic after the last one stimulus package Beijing has failed to generate direct spending on consumers that investors expected.
The broad index MSCI Asia-Pacific Equities Outside Japan fell 1,7% to its lowest since September 25, with shares of Taiwan down more than 2% and shares South Korean of 1%. The chip stocks in the region are declining this week after Reuters reported that the United States has ordered a Taiwan Semiconductor Manufacturing Co to block shipments of stockpiles of chips to Chinese customers, often used in artificial intelligence applications. The actions of Hong Kong fell by 2,90%. The chinese bags are set to close lower: CSI 300 index of Shanghai and Shenzhen stock exchanges -0,7%. Nikkei of Tokyo -0,4%. SoftBank Group, a Japanese financial holding company, closed the second quarter of the fiscal year ended March 31, 2025 (to September 30, 2024) with 2.651 billion yen (about 16 billion euros) of investment income (963,6 billion loss in the same period of the previous fiscal year)
Oil and gold in sharp decline
Il dollar will benefit from some of the policies that are likely to keep U.S. interest rates relatively higher for longer. The dollar index, which measures the greenback against six peers, was at 105,59, just below a 4-month high hit on Monday. As for the raw material, the oil prices have plummeted as China's stimulus plan and fears of oversupply have sapped the markets' enthusiasm in previous sessions. Brent crude futures are at $71,60 a barrel, down 0,32%, while US West Texas Intermediate crude futures were down 0,35% at $67,80 a barrel. Thespot gold fell by 0,5% to $2.606 an ounce, hitting its lowest level in a month.
European stocks seen opening lower. Eyes on Mediobanca, A2A
European stock markets expected to decline at the start of the session (-0,97% the future on the Eurostoxx50) with weak US futures (-0,15% that on the Dow Jones and -0,11% that on the S&P500). In Germany: in October the growth of consumer prices on an annual basis stood at 2%, according to the latest survey by Destatis, with an increase of 0,4% compared to the previous month.
Leonard. Iveco, through its Idv brand, has signed a preliminary agreement with Leonardo for defense supplies within the joint venture between the latter and Rheinmetall. Idv's participation in the Jv will be between 12 and 15% of its total activities for the development and production of tracked ground combat vehicles for the Italian Army.
Mediobanca net collections double, while revenues from commissions and investments grow. In the first quarter of the 2024/2025 fiscal year (to 30 September 2024) Mediobanca recorded a net profit of 330 million euros (-6,1% on an annual basis), revenues stable at 864,6 million. Double-digit growth in commissions, which closed the summer quarter with a +29% and reached 231,2 million, "which offset the decline in trading and the contribution from Assicurazioni Generali", the group explained. As for revenues, "the decline compared to the previous quarter (978,6 million) is largely attributable to the seasonality of CIB and the performance of Assicurazioni Generali", it added.
A2A. The Board of Directors of A2A, an Italian multi-utility listed on Euronext Milan, has approved the Update of the 2024-2035 Strategic Plan, which maintains the Group's industrial growth objectives defined in the March 2024 Plan. Investments of 22 billion euros have been confirmed, divided into 6 billion for the Circular Economy and 16 billion for the Energy Transition, which will allow reaching an EBITDA of 2035 billion euros and a net profit of more than 3,3 billion euros in 1.
