Stock Markets Climb Amidst Election Win While Bitcoin Hits Record High

Wall Street experienced gains following Donald Trump's election victory, with notable rises in Tesla and crypto stocks. Bitcoin reached a new high due to expectations of looser regulations. U.S. economic indicators and Fed speaker events are keenly awaited. Europeans prepared for potential economic impacts from U.S. policy changes.

Wall Street started a bustling week on a high note following Donald Trump's victory in the U.S. elections. Stock markets, driven by optimism, retained gains while oil prices declined, and Bitcoin surged to a record high. In the U.S. equity markets, Tesla and cryptocurrency stocks notably advanced.

Attention shifts to U.S. consumer price inflation data set for release on Wednesday. This, along with speeches from Federal Reserve figures, could shed light on the current economic situation and future interest rates. The dollar remains close to its recent four-month peak against major currencies.

In Europe, investors brace for economic impacts from potential U.S. policy changes. The euro faltered to a 6-1/2 month low against the dollar, primarily due to concerns about impending U.S. tariffs. Meanwhile, anticipation surrounding Trump's presidency fueled defense stocks in Europe.

(With inputs from agencies.)