February 13, 2025
As Investors Wait for Trump's Next move, Global Markets Remain Stable while the Dollar Falls

Global markets levelled out Thursday after a spike fuelled by Donald Trump’s intentions to spend money on AI infrastructure cooled off and investors began to worry about what the incoming US president may do next on trade.

According to weekly data, Americans’ unemployment benefit application rates increased somewhat more than anticipated in the most recent week, which hurt the dollar and boosted stocks. At present, the main market driver is Trump’s intentions about tariff implementation. Price action was more muted than at the beginning of the week, with no new information yet.

What we’ve witnessed was essentially expected; if anything, some restraint was displayed. “Therefore, that has enabled the financial markets to reprice to a certain degree, enabling bond yields to reappear and risk assets to rise,” he stated.

Although US 10-year Treasury yields were up 3.4 basis points at 4.633%, below last week’s 14-month high of 4.809%, US stock index futures were down 0.2-0.5%, suggesting a somewhat lower opening on Wall Street later.

Following Trump’s announcement of a $500 billion private-sector AI infrastructure investment plan, technology shares surged, but some of the selling pressure subsided, and the STOXX 600, which reached a new high on Wednesday, crept up 0.2% in Europe.

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