November 29, 2024 2:35 PM
World markets head for reality check after month of Trump
November was a month of clear winners and losers from Donald Trump's Nov. 5 U.S. election victory. Trump trades, essentially punishing tariff-sensitive assets from European exporters to Mexico's peso and driving investment towards U.S. stocks and the dollar, proved successful. Wall Street has rallied, the dollar gained 2% against rival major currencies and bitcoin surged. But December could be bumpy, with the Trump trade vulnerable to a potential bond market backlash against fiscal lar...