Winners and losers in markets with political change in the US
The electoral setback for Donald Trump and the Democratic hegemony in both the Senate and the House of Representatives in the US modify investment prospects. The first portfolio adjustments after the elections are already providing clues about the most and least favored assets.
The US midterm elections have resulted in a Democratic majority in both the Senate and the House of Representatives, altering investment perspectives. The initial portfolio adjustments following the elections indicate that certain assets are being favored, while others are not. The value of the US dollar has weakened, with the euro rising above $1.12 and the British pound approaching $1.35.
The price of gold has surged, breaking the $1,300 barrier, as investors seek safe-haven assets and respond to the reduced likelihood of aggressive US policies, particularly towards China, where the CSI 300 index has risen 2.4%.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
