Home
US Stocks, Bitcoin Gain as Trump Surges in Election Race
Economy |Today,
Economy |Today,
+A
-A
Baghdad Today - Follow-up
The US dollar on Wednesday (November 6, 2024) posted its biggest gain since March 2020 as early results from the US presidential election showed Donald Trump ahead in some key states, sending Treasury yields higher amid speculation his policies will keep US interest rates high.
The MSCI emerging market currency index fell as much as 0.6%, its biggest drop since March, as the latest vote tallies showed Trump ahead of Kamala Harris in the presidential race. The Mexican peso led the losses, falling more than 3% to a two-year low, while Eastern European currencies also fell.
Japan's blue-chip index rose 3%, while the yen fell to its lowest level since July, after preliminary results from the US presidential election encouraged some traders to bet on Donald Trump beating his rival Kamala Harris.
Investors expect losses to worsen if Trump wins, given his economic policy, which they see as more expansionary and could lead to more inflation, reducing the likelihood that the Federal Reserve will cut interest rates sharply.
Asian stocks excluding Japan fell in early trade, led by losses in Hong Kong-listed Chinese technology shares after Donald Trump's lead in the U.S. presidential election. The MSCI Asia Pacific ex-Japan index fell about 1%, with Alibaba Group Holding Ltd. among the biggest decliners in the index.
The Hang Seng China Enterprises Index fell about 3%, leading losses across Asia. The decline in Hong Kong stocks, which are closely linked to external events and global money flows, reflected international investors’ concerns about a second Trump term, which could lead to escalating trade tensions and political surprises. Shares listed in mainland China performed relatively better amid expectations of more stimulus measures.
» Al-Sudani discusses with an international delegation lifting the ban on Iraqi Airways
» Axios: Washington warned Baghdad that Israel may attack Iraq if it does not prevent the Iranian atta
» Trump declares victory in US elections: I will not start wars, but I will end them
» Parliamentary Foreign Affairs: Trump is wanted by the Iraqi judiciary, but the country's interest co
» "Al-Eqtisad News" publishes the full decisions of the Cabinet session
» Bitcoin Hits All-Time High in Early Trading
» Iraq tops the list of countries importing Arab products related to construction activity
» 2025 Strong national economy and sound banks
» Government stresses the need to secure petroleum derivatives for energy production
» Anbar: The second phase of the electricity connection with Jordan has reached its end
» Iraq's gold holdings rise to more than 152.5 tons
» Al-Alaq stresses to Azerbaijani ambassador the importance of cooperation in transferring money to fa
» 7 decisions on the general population census
» The world awaits the new US president
» Sudanese demands stopping the Zionist aggression
» Wasit: Distribution of seeds among farmers with a support rate of 70 percent
» Trade: Central markets {hypermarkets} to officially open in 2025
» Civil Service Council: Controls for appointing land donors
» Baghdad Municipality: Measures to avoid damage from oil spills in the Tigris
» The Board of Trustees discusses a number of topics related to developing the work of the media netwo
» Sovereign guarantees boost labor market
» Mazhar Saleh: No impact of oil price drop on operating budget
» Iraq's share in the IMF
» Trump's "Historic" Victory: World Leaders Congratulate Him
» Amid US Elections, China Hopes for Peaceful Coexistence with US
» Judge Zeidan discusses with the Special Representative of the Secretary-General of the United Nation
» The President of the Republic congratulates Trump on winning the presidential elections in the Unite
» Following Trump's victory, EU leaders call for emergency meeting
» Nineveh Education: We completed 52 schools under the Chinese loan
» With Arab and foreign participation...the launch of the sessions of the Ninth International Scientif
» Al-Sudani chairs a meeting to follow up on fuel procedures for energy production
» Bitcoin Touches $75K for First Time as Investors Bet on Trump Win
» Trump's Trading Gains Momentum... Markets and Stocks Rise Strongly
» Parliament responds to the framework’s call and sets the extension period for its legislative term
» After the decision to compensate the region for the costs of oil production and transportation.. an
» For the first time in 4 years, Republicans win the majority in the Senate
» Challenges of Trump's Arrival to the White House and Its Impact on Iraq
» Zidane discusses with Al-Hassan the judicial procedures for achieving security and social stability
» US Stocks, Bitcoin Gain as Trump Surges in Election Race
» Dollar price drops against dinar in Iraq
» Workers in Iraq: Continued "marginalization" and calls to "ratify" the retirement and social securit
» “Pharmaceutical Cities”: A Step Towards Self-Sufficiency or a New Challenge for Local Industry?
» In a phone call with the US Secretary of State... Al-Sudani warns of the dangers of the continuation
» It has not happened in 132 years.. Trump is on the verge of a historic achievement
» Iraqi Drilling: Drilling and rehabilitating 15 oil wells in October to boost production
» Iraq Facing Challenges: Hopes of Establishing a Waste Recycling Plant in the East... Will It Succeed
» Interior: Unprecedented decline in crime rates across Iraq
» ILO: Enacting the Social Security Law in Iraq is a Historic Step Towards Protecting Workers
» Iraqi Tourism Companies Association participates in World Travel Market
» Al-Sudani stresses to Blinken the need to double efforts to stop the war
» The Iraqi Council of Ministers approves a set of service, economic and urban decisions
» Trump's Win Prospects Lift Stocks, Markets Strongly... Dollar at 5-Year High
» A look at the latest results.. Republicans swallow the House of Representatives, the Senate and the
» A look at the latest results.. Republicans swallow the House of Representatives, the Senate and the
» Fox News: Trump is the 47th president of America with 277 votes
» Morning list of dollar exchange rates in Iraqi stock exchanges
» Al-Araji and Al-Sabah at one table in Kuwait.. Discussing several files and issues
» Highlights of Trump's speech after winning the US presidential election
» Iraq and Saudi Arabia's trade achieves tangible convergence and investment cooperation
» Ports Authority notes the fate of the five berths in the Grand Faw Port
» MP: Why is the regional government fighting the civil banks war and leaving the core of the issue?
» Political researcher: The amendment will include sovereign ministries
» Retirement: End of service bonus paid to more than 7,000 retirees
» Al-Mashhadani stresses the importance of the role of the Audit Bureau in combating administrative an
» Al-Mashhadani and Al-Hakim discuss parliament’s approval of important laws
» Parliamentary consensus to pass controversial laws soon
» Currency Auction.. Increase in the Central Bank of Iraq’s sales of foreign remittances
» Interior Ministry dismantles 600 drug networks, electronic passport to be introduced soon - Press co
» utube 11/2/24 MM&C Report-Iraq 3 Presidents-National-Constitutional Entitlements-Open Market Operati
» utube 11/5/24 MM&C MM&C News Report-ICC-Investors-RIYADA BANK-Port of Faw-3 Presidents Seated-Removi
» Foreign Minister warns of major and dangerous economic repercussions
» Roadmap for Reform
» Government reshuffle looms over Al-Sudani’s cabinet.. The compass of change is heading towards 4 min
» Parliamentary move to legalize foreign labor in Basra
» Parliament intends to amend the retirement law and return the service age to 63 years
» Parliamentary move to question a senior official and complete procedures against the Minister of Com
» Legal expert explains the mechanism for forming the Kurdistan Regional Government
» Silk Road imposes a state of maximum alert suddenly
» Sheikh Raouf: There is an urgent need to find a constructive, corrective opposition in Kurdistan
» Green light from Baghdad to build the first waste recycling plant in eastern Iraq
» MP: Al-Mashhadani discussed 3 important files with parliamentary blocs
» MP: Al-Mashhadani's election will not affect the completion of legislation
» Parliamentary Oil: Investment in associated gas in fields exceeds 60%
» IMF: Foreign investment outperforms sovereign funds in generating growth in Gulf
» Categories exempted from the curfew in the population census.. Get to know them
» Kurdish investment trend in central and southern Iraq.. What are the reasons?
» Iraq exports more than 6 million barrels of oil to America in a month
» The Private Banks Association supports the Prime Minister’s directives to localize private sector em
» Parliamentary confirmation to support financial oversight in combating corruption
» Next Sunday.. Celebrating Baghdad Day
» Sayyid Sistani's commandments
» New services for health insurance subscribers
» Al-Sudani directs ministries to leave (cash)
» Mr. Sistani sets a roadmap for Iraq’s prosperity
» OPEC+ postpones production increase
» Government Advisor to {Sabah}: Turkish companies’ expertise has given them importance in implementin
» The future of smart cities in Iraq is on the table for discussion
» Expectations of achieving agricultural self-sufficiency within 3-5 years