The Republican president-elect made plenty of campaign promises: steep tariffs, tax cuts, business-friendly deregulation and tighter immigration laws, to name some. For investors who plowed into stocks last week on speculation Trump's policies will bolster the economy, the challenge is to figure out which sectors will get a lasting boost.
Economists predict that the Reserve Bank of India may postpone a rate cut until February. This delay is attributed to concerns about rising inflation and global market instability. The central bank is closely monitoring food inflation, particularly in edible oils and vegetables. Despite these concerns, some analysts anticipate a rate cut in December, citing slowing economic growth.
Bitcoin soared past $80,000, reaching a new all-time high, fueled by expectations of favorable regulations under the new administration. President-elect Trump's pro-crypto stance and the Republican Party's strong performance in the election sparked a surge in investor confidence. The potential for a crypto-friendly Congress further boosted the market, with experts pointing to the likelihood of supportive legislation.
Bitcoin nears $80,000, driven by optimism over Trumps pro-crypto stance and pro-digital-asset lawmakers in Congress, with strong demand for ETFs and interest-rate cuts boosting cryptocurrency investments.
Indian markets ended in the red due to weak corporate earnings and foreign outflows. Nifty faces consolidation, with bullish momentum in some stocks like Indian Hotels and Page Industries.
