Mixed trend in Asia; Sharp movements in the markets against the backdrop of the US elections

Trade overview: current reports, trends, indices, stock prices, bonds, foreign exchange and commodities and analyst recommendations

8:20

Asia

Trading in the Asian stock markets follows a mixed trend: the Nikkei jumped by about 2.2%, the Hang Seng fell by about 2%, the Kospi recorded a decrease of about 0.8% and the Shanghai Stock Exchange rose by about 0.5%.

Wall Street

The trading day on Wall Street closed yesterday in a positive trend. The Nasdaq rose 1.4%, the S&P 500 added about 1.2% and the Dow Jones rose 1%.

With former President Donald Trump’s victory in the US presidential race in the background, futures on Wall Street soar: the Dow Jones by about 1.3%, the S&P 500 by about 1.2% and the Nasdaq at a similar rate.

US debt market

US government bond yields are trading at sharp price increases: the ten-year bonds are up by about 15 basis points, with a yield of about 4.44%; the two-year bonds are up by about 7 basis points, with a yield of about 4.27 %.

The global forex market

Sharp movements are also recorded in the global foreign exchange market, with the dollar strengthening against the foreign currencies by over 1%. The dollar strengthens against the euro by about 1.7%, against the Japanese yen by about 1.5% and against the dollar by about 1.3%.

The crypto market

Cryptocurrencies are taking off: Bitcoin broke a record today and reached a value of $75,000 – now it jumps by about 8.7% and is worth about $74,750. Ethereum jumps by about 6.8% and its value now stands at about $2,600.

It should be noted that Trump is considered more friendly to the crypto industry. He has stated that he will make America the crypto capital of the world, and promises to establish a “Presidential Crypto Council”.

the commodity market

Oil prices are registering sharp declines: American type oil is down by about 2% and the price of a barrel stands at about 70.5 dollars; Brent oil is falling at a similar rate and the price of a barrel is around $74.