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Getbig Main Boards => Politics and Political Issues Board => Topic started by: loco on March 01, 2017, 11:46:16 AM

Title: Dow breaks all time high on Wednesday on back of Trump's speech
Post by: loco on March 01, 2017, 11:46:16 AM

U.S. equities traded surged to all-time highs Wednesday, with the S&P 500 breaking above 2,400 for the first time, on the back of President Donald Trump's speech to Congress.

http://www.cnbc.com/2017/03/01/us-markets.html

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(http://www.mcintyreinthemorning.com/wp-content/uploads/2016/11/STOCKS-UP-TRUMP.jpg?w=640)

Title: Re: Dow breaks all time high on Wednesday on back of Trump's speech
Post by: loco on March 02, 2017, 10:02:52 AM

London and Frankfurt also set new all-time highs, while Paris climbed a lofty 2.1 percent.

Tokyo gained 1.4 percent, benefiting from optimism over Trump and also from a retreat in the yen against the dollar.

The dollar also rose against the pound and the euro as investors bet on an early Federal Reserve interest rate rise after two top US central bankers suggested a rate increase this month was on the cards. Inflation data also reaffirmed that expectation.

Higher interest rates would make holding dollar-denominated assets more attractive, stoking demand for the greenback.

"The dollar is kicking some serious butt," tweeted Mati Greenspan, Senior Market Analyst at eToro.

https://www.yahoo.com/news/dollar-firms-fed-rate-hike-talk-eyes-trump-021729995.html

(http://i2.cdn.turner.com/money/dam/assets/161108095213-election2016-markets-up-trump-1024x576.jpg)