Sterling was stronger against the euro as traders continued to expect modest rate cuts by the BOE, while the ECB might ramp up cuts ING said, adding that EUR/GBP could fall to 0.8200 before the end of the year if the ECB cuts rates by 50bp in December.
Bitcoin prices hit $80,000 for the first time on Sunday. The president-elect has vowed to ease the regulatory burden on crypto and create a reserve to hold the nation’s bitcoin supply.
Japanese stocks were lower, dragged by falls in machinery and brokerage stocks, as initial enthusiasm over Trump’s election victory has run its course.
Gold was steady in the early Asian session as traders continued to digest recent U.S. dollar strength and the uptrend in Treasury yields in the wake of Trump’s election win.
Rising costs for insurance, repair and maintenance are pushing HOA dues higher, often at a faster pace than overall inflation.
Stocks notched their biggest week of the year after Donald Trump’s victory. Now investors have their eye on the bond market.
A change in leadership at the Federal Trade Commission could spark mergers and acquisitions in tech, healthcare and beyond.
With the U.S. election result and the German government’s collapse, the lagging European economy is at a crossroads.
Selecting which Trump trades turn into Trump investments is just as difficult this time around as it was in his first term. The right bets might seem obvious now, but they did back then, too.
