US stock futures hit record highs, the dollar surged, and Treasury yields jumped, while Bitcoin broke US$75,000 for the first time.
Trump's agenda of tax cuts and deregulation could give corporate America a tangible boost, though steep tariffs and a potential global trade war under his presidency could cause more uncertainty and a resurgence of inflation, boosting the dollar.
"Not only are markets positioning themselves for a comfortable Trump victory in the Electoral College, but the prospect of a Republican-controlled Congress," said Mr Matthew Ryan, head of market strategy at Ebury.
That could provide a headache for Federal Reserve chief Jerome Powell as he continues his battle to bring inflation to heel, with Trump's plans considered inflationary.
The election comes as the US central bank prepares to deliver its latest policy decision on Nov 7 amid expectations it will cut interest rates by 25 basis points, having lowered them by 50 points in September.
Trump's victory will affect assets globally and determine the strength of the dollar, and a host of industries that make up the backbone of corporate America.
Denne historien er fra November 07, 2024-utgaven av The Straits Times.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra November 07, 2024-utgaven av The Straits Times.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Percival Everett wins US National Book Award for fiction
American author Percival Everett won the US National Book Award for fiction on Nov 20 for his novel James, a propulsive and slyly funny retelling of American writer Mark Twain's Adventures Of Huckleberry Finn (1884) from the perspective of Huck's companion, an enslaved man named James.
Actor Jussie Smollett's conviction for staged attack overturned
American actor Jussie Smollett's conviction for fabricating a racist and homophobic hate crime in Chicago in 2019 was overturned on Nov 21 on due process grounds.
K-pop CD output draws fire as plastic waste talks loom
SEOUL - K-pop music may be South Korea's buzziest export, but the industry needlessly creates mountains of plastic in its home market by churning out CDs that most fans do not even listen to, critics say.
Actress Yvonne Lim returning to Singapore after 10 years in Taiwan
Singaporean actress Yvonne Lim is ready for a new chapter in her life. The 48-year-old announced on social media on Nov 21 that she has opened a YouTube channel.
Striking scenes from abstract triptych in Puppet Origin Stories
A wilfully abstract triptych of stories that make up the third edition of Puppet Origin Stories will frustrate the theatregoer in search of meaning, but delight those who can surrender to the weird and affecting visual scenes crafted on stage.
Kim Soo-hyun samples local food and finds it 'very satisfying'
The K-drama star is here to promote his new series as part of Disney's showcase of upcoming Asian titles
Entrepreneur rediscovers her need for speed
Ms Janice Oo lives out the famous line from the 1986 Hollywood flick, Top Gun, when the lead character \"Maverick\", played by Tom Cruise, declared: \"I feel the need, the need for speed.\"
Timeless Velar refreshed with hybrid engine
The model by Range Rover is relaxing to drive, but the controls feel lighter and less direct than those of its rivals
Wish come true for BYD buyers with families
The M6 is the first mid-sized electric seven-seater to be available here
Subtle serenity
Newly-weds pick clean, functional Japandi aesthetic for their HDB flat
