Equity investors are preparing for at least a near-term jump in volatility when S&P 500 futures start trading at 6 pm in New York
Some investors may want to book early gains or be wary of getting deeper into an already crowded position. (Photo: Bloomberg)
As world financial markets started to reopen after the attempted assassination of Donald Trump, one thing seemed likely: The Trump trade will get even more momentum.
As world financial markets started to reopen after the attempted assassination of Donald Trump, one thing seemed likely: The Trump trade will get even more momentum. Click here to connect with us on WhatsApp The series of wagers — based on anticipation that the Republican’s return to the White House would usher in tax cuts, higher tariffs and looser regulations — had already been gaining ground since President Joe Biden’s poor performance in last month’s debate imperiled his re-election campaign.
But the trades were expected to take deeper hold, with Trump galvanising supporters and drawing sympathy by exhibiting defiant resilience after being shot in the ear on stage at a Pennsylvania rally.
The dollar — which would gain if loose fiscal policy kept bond yields elevated — started to move higher against most peers early in Asia trading, with the Mexico peso leading the slide, weakening 0.3 per cent. Bitcoin rose above $60,000, potentially reflecting Trump’s crypto-friendly stance, while futures on the S&P 500 Index for September rose 0.
