Global Markets Reacts to Financial Updates and Policies

European stocks rallied despite cautious growth forecasts as Hong Kong stocks declined post China's stimulus announcement. Bitcoin reached new highs amid U.S. political changes. Investors eye upcoming inflation data, while U.S. Congress nears Republican control. Mixed market reactions were observed globally, with significant moves in currencies and commodities.


Devdiscourse News Desk | Updated: 11-11-2024 16:07 IST | Created: 11-11-2024 15:50 IST
Global Markets Reacts to Financial Updates and Policies
Europe's main stocks index Image Credit:

In a volatile trading week, European stocks surged on Monday, gaining over 1% as industries advanced. This comes as investors brace for key economic indicators from Germany and the U.S., despite lingering scepticism about Europe's growth.

Conversely, Hong Kong stocks led declines in Asia following a tepid economic stimulus from Beijing. In the U.S., bitcoin recorded an all-time high following Trump's electoral victory, which boosts expectations for relaxed regulations and tax cuts in his upcoming tenure.

Ahead of critical U.S. inflation data, global market players are closely watching as the Republican party edges towards securing both Congressional chambers. Moreover, China's semiconductor market saw gains amid potential geopolitical shifts, while oil and gold prices dipped on anticipations of expanded drilling under Trump's administration.

(With inputs from agencies.)

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