Trump's Survived Assassination Attempt Boosting U.S. Stock Futures

U.S. stock index futures surged on Monday following presidential candidate Donald Trump's increased odds of winning a second term, especially after surviving an assassination attempt. This sentiment was further bolstered by expectations of interest-rate cuts. Stocks linked to Trump, along with cryptocurrency and tech shares, saw significant gains.

U.S. stock index futures surged on Monday as the chances of presidential candidate Donald Trump's second term increased significantly after surviving an assassination attempt, spurring optimism across the market. Investors anticipated more hawkish trade policies and relaxed regulations under another Trump administration, boosting market sentiment.

Trump's favorability leapt to 67 cents per bet on PredictIt, up from Friday's 60 cents, while Joe Biden's dropped to 28 cents. Chris Weston of Pepperstone noted that Trump’s potential presidency could prove positive for risk assets, pushing the S&P 500 futures and the USD higher.

Trump-linked stocks soared in premarket trading, with notable gains in Trump Media & Technology Group, Phunware, and Rumble. Cryptocurrency stocks also rallied, benefiting from a two-week high in Bitcoin. Meanwhile, strong economic data and positive earnings reports further fueled market enthusiasm, with key indices setting records.