The month Trump won the election, the financial market flourished
1. In November, spot gold may record its largest monthly decline in over a year after Trump's victory in the U.S. election, with prices having already fallen about 3% so far this month.
2. In November, Bitcoin surged by 37%, nearing the $100,000 mark; Bitcoin ETFs are expected to set a record for monthly fund inflows and have attracted $6.2 billion so far this month. The last time such an increase and inflow of $6 billion occurred was in February when funds poured into newly listed Bitcoin ETFs.
3. In November, the Nasdaq 100 Index is poised to post its biggest monthly gain since June due to Tesla's surge of 33% and continued AI hype boosting Nvidia despite anticipated slowdown in revenue growth.
4. The yen rose to a six-week high on Friday as data showed inflation rates in Tokyo were higher than expected, supporting bets on Bank of Japan raising interest rates next month. It is expected to rise about 3% this week which would be the largest weekly increase since late July.
5. This week the dollar index is expected to fall by 1.5%, potentially marking its biggest weekly drop since mid-August and closing down for the second week out of nine; it has risen approximately 1.7% this month.
6.In November, influenced by US tariff risks, political turmoil in Germany and France as well as regional economic downturns,the euro against USD could register its largest monthly decline since early-2022 slightly above 3%. Additionally Mexican peso fell more than 1% against USD while pound sterling dropped nearly two percent.
7.In November driven by hopes that Trump administration will relax regulations ,the US bank stock index has soared up by13%, recording best single-month performance over past year.However European bank stocks fell five percent due to weak economy increasing bets on rate cuts
8.In November there wasn't much change in the yield of US 10-year Treasury bonds, but it was trending upwards. The yield on German 10-year bonds fell more than 20BP and is set to record its largest monthly decline since 2024 due to weak economic activity, Trump's tariff threats and escalating Russia-Ukraine conflict. Japan's 10-year bond yields are set for their biggest monthly increase since May partly because yen weakened after Trump's election victory which stimulated speculation about a rate hike next month.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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