The stock-market euphoria that followed Donald Trump’s presidential victory saw traders snap up risk-asset ETFs as they largely shrugged off the prospect of higher interest rates that threaten to dent some of those strategies. In total, roughly $18 billion of fresh money was added to exchange-traded funds focusing on US equities Wednesday. That’s almost 16…
Asian and European markets surged Thursday as investors weighed Donald Trump‘s White House return. The Republican secured the presidency this week with 50.9 percent of the popular vote and counting. Driven by expectations of renewed trade, corporate tax cuts, and deregulation, many markets are preparing for both growth potential and economic disruption. Trump has suggested…
“Trump’s pro-crypto stance is expected not only to invigorate the US virtual-asset industry, but also to encourage Hong Kong to further relax its own virtual-asset policies in its quest to become a global Web3 hub,” said Livio Weng, chief executive of Hong Kong-based cryptocurrency trading platform HashKey Exchange. “This shift could also positively influence regulatory…
Donald Trump is headed back to the White House. Investors believe that’s much better news for some sectors of the U.S. economy than others—and the same goes for different parts of individual Americans’ stock portfolios. Some plays seem obvious. Trump has traditionally been viewed as positive for banks and fossil fuel companies but a scourge…
(CNN) – The price of Bitcoin hit an all-time high as early election results rolled in Tuesday night. The price surged to $75,000 after former President Donald Trump took an early lead in the Electoral College. It was a jump of 7.3%, according to the Associated Press. Share prices and bond yields also surged. If…
Financial markets surged Tuesday as the closely fought 2024 presidential campaign finally wrapped up while investors also looked ahead to the Fed meeting later this week. The Dow Jones Industrial Average jumped more than 400 points, or 1%, to close at 42,221.88. The S&P 500 rallied 1.2% to finish at 5,782.76, and the Nasdaq shot…
Just before a hotly contested US election considered a toss-up, options traders across markets appear to be reducing risk and bracing for more volatility. Equity options volatility climbed through most of October even as the market’s swings were muted, in anticipation of not just the upcoming election but also earnings season and a Federal Reserve…
As anxiety and anticipation build ahead of the Nov. 5 presidential election, political bettors are setting aside emotion and hunting for ways to profit off the mixed signals being sent by polls and prediction markets. While traditional voter surveys show a toss-up race, prediction markets have swung hard toward Donald Trump in recent days, pushing…
Hong Kong authorities expect to license more digital-asset exchanges by the end of 2024 after completing a five-month inspection period that had raised doubts about the prospect of further approvals. A finalized list of the platforms graduating from a provisional permit to fully licensed will be published by year-end, said Eric Yip, executive director for intermediaries at…
Hong Kong outlined its first policy guidelines dedicated to the use of AI in finance and floated a tax breakBloomberg Terminal for virtual assets, part of efforts to promote itself as an Asian business center. On Monday, government officials touted a common framework through which different regulatory agencies can craft policy governing the use of…