Market Waves: Trump's Impact on Global Assets
November saw winners and losers from Trump's election victory. U.S. stocks and bitcoin surged, but European exporters and Mexico's peso fell. Tariffs may affect inflation and supply chains, while the euro suffered significantly. Tech stocks rode a high, but European banks lagged. Bond markets diverged.

November marked a clear division between winners and losers in the global markets following Donald Trump's election victory. The financial landscape was reshaped as U.S. stocks and the dollar gained strength, and bitcoin saw a remarkable surge, increasing by 37% amid hopes for a favorable regulatory environment.
In contrast, European and Mexican currencies struggled. The euro experienced its most significant monthly drop since early 2022, while the peso and sterling also declined against a robust dollar. Analysts remain cautious about the ongoing volatility and debate the potential economic shifts Trump's policies might bring.
Meanwhile, U.S. tech stocks, particularly Tesla and Nvidia, enjoyed fresh highs despite looming tariff threats. Conversely, European banks faced challenges, despite some positive performances, as weakening economies impacted rate expectations. Bond markets showcased divergence as U.S. yields pointed upwards, while European yields declined.
(With inputs from agencies.)
- READ MORE ON:
- Trump
- stock market
- bitcoin
- tariiff
- european economy
- tech stocks
- Nasdaq
- dollar
- euro
- currency markets
ALSO READ
Nasdaq Tumbles into Bear Market Amidst Global Trade War Fears
Nasdaq's Bear Market Plunge Amid U.S.-China Trade Tensions
Global Trade Tensions Rattle U.S. Stocks as Nasdaq Plunges
Nasdaq Nosedive: Tech Stocks Tumble Amid Trade War Tensions
Tech Stocks Lead Wall Street Rebound Amid Tariff Relief Hopes