{"id":15675,"date":"2024-11-06T05:42:20","date_gmt":"2024-11-06T05:42:20","guid":{"rendered":"https:\/\/www.vglobaltrader.com\/?p=15675"},"modified":"2024-11-06T05:42:20","modified_gmt":"2024-11-06T05:42:20","slug":"us-stock-futures-dollar-rise-as-early-results-favour-trump","status":"publish","type":"post","link":"https:\/\/www.vglobaltrader.com\/kur\/analysis\/us-stock-futures-dollar-rise-as-early-results-favour-trump\/","title":{"rendered":"US Stock Futures, Dollar Rise as Early Results Favour Trump"},"content":{"rendered":"\n<p><em>Listen to the article here:<\/em><\/p>\n\n\n\n<figure class=\"wp-block-audio\"><audio controls src=\"https:\/\/www.vglobaltrader.com\/wp-content\/uploads\/2024\/11\/15675.mp3\"><\/audio><\/figure>\n\n\n\n<p><strong>Key points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Dollar index rose by 0.8% to 104.19; bond yields edged higher<\/li>\n\n\n\n<li>US stock futures gained in anticipation of potential Trump policies favouring the dollar<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>The dollar and US stock futures saw gains in early Asia trading on Wednesday, following the initial results from the ongoing US presidential election. <\/p>\n\n\n\n<p>Republican candidate Donald Trump won eight states, while Kamala Harris secured three and Washington, D.C., according to projections from Edison Research. Key battleground states remain undecided despite these early outcomes, leaving markets to react tentatively.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Treasury Yields Rise on Trump Lead, Fed Rate Cut Still Expected<\/strong><\/h2>\n\n\n\n<p>In the bond market, Treasury yields moved up as some betting sites indicated Trump could lead the election, aligning with market assumptions that his policies\u2014such as restricted immigration, tax cuts, and increased tariffs\u2014could heighten inflation and bolster bond yields. <\/p>\n\n\n\n<p>For now, however, futures traders still appear confident that the Federal Reserve will implement a 25 basis point rate cut on Thursday.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">US 10-year yield has now risen nearly 12 basis points above 4.38% as more polls close and the bond market is delicately poised here as Trump trades are picking up.<br><br>Read the latest on the US election in our live blog: <a href=\"https:\/\/t.co\/44GX6wJD74\">https:\/\/t.co\/44GX6wJD74<\/a> <a href=\"https:\/\/t.co\/Ud4ymxkwAU\">pic.twitter.com\/Ud4ymxkwAU<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1853987140981383525?ref_src=twsrc%5Etfw\">November 6, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Yields on 10-year Treasury notes rose to 4.351%, from 4.279% previously, while two-year yields edged up to 4.241%. Market participants speculate that a Trump win could cap the Fed&#8217;s ability to implement aggressive rate cuts, particularly if his policies push inflation expectations higher. <\/p>\n\n\n\n<p>In the event of a divided Congress, however, fiscal policies may remain contained, which bondholders could see as a favourable outcome.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>US and European Futures Rise on Hopes for Pro-Market Policies<\/strong><\/h2>\n\n\n\n<p>US stock futures reflected cautious optimism, with S&amp;P 500 futures gaining 0.6% and Nasdaq futures up by 0.3%, as traders speculated on the potential for pro-market policies. European markets mirrored these moves, with Euro Stoxx 50 futures up 0.2%, Germany\u2019s DAX futures rising 0.4%, and FTSE futures adding 0.3%.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.vglobaltrader.com\/wp-content\/uploads\/2024\/11\/image-14-1024x467.jpeg\" alt=\"\" class=\"wp-image-15676\" style=\"width:1450px;height:auto\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>See: The NAS100 futures chart shows a recent bullish trend with strong upward momentum, approaching a key resistance level around 20,571 after recovering from a low of 20,007 on the <a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\">VT Markets app<\/a>.<\/em><\/p>\n\n\n\n<p>Energy markets showed a more cautious tone, with US crude declining 23 cents to $71.66 per barrel and Brent slipping 39 cents to $75.14. Traders appeared wary amid election uncertainties and a potential Gulf storm impacting US oil production.<\/p>\n\n\n\n<p><strong>See also: <a href=\"https:\/\/www.vglobaltrader.com\/analysis\/oil-dips-ahead-of-us-election-and-china-npc\/\">Oil Dips Ahead of US Election and China NPC<\/a><\/strong><\/p>\n\n\n\n<p>As the race continues, markets are likely to remain volatile, with a close eye on how election results could shape the economic landscape, particularly in the realms of dollar strength, bond yields, and fiscal policy.<\/p>\n\n\n\n<p><strong>Start trading now \u2014 click <\/strong><a href=\"https:\/\/www.vglobaltrader.com\/trade-now\/?utm_campaign=account_c&amp;utm_source=dma&amp;utm_medium=website\"><strong>here<\/strong><\/a><strong> to create your live VT Markets account.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US futures, dollar, and Treasury yields climb as early polls show a tight race. Traders eye swing states and await the Federal Reserve&#8217;s upcoming rate decision. &#8211; vtmarkets.com <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[41],"tags":[47,46],"class_list":["post-15675","post","type-post","status-publish","format-standard","hentry","category-analysis","tag-dollar","tag-stocks"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vglobaltrader.com\/kur\/wp-json\/wp\/v2\/posts\/15675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vglobaltrader.com\/kur\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vglobaltrader.com\/kur\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vglobaltrader.com\/kur\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vglobaltrader.com\/kur\/wp-json\/wp\/v2\/comments?post=15675"}],"version-history":[{"count":0,"href":"https:\/\/www.vglobaltrader.com\/kur\/wp-json\/wp\/v2\/posts\/15675\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vglobaltrader.com\/kur\/wp-json\/wp\/v2\/media?parent=15675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vglobaltrader.com\/kur\/wp-json\/wp\/v2\/categories?post=15675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vglobaltrader.com\/kur\/wp-json\/wp\/v2\/tags?post=15675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}