US shares hit record highs on Wall Street and the dollar posted its biggest gain in eight years as Donald Trump was re-elected to the White House in a historic win.
Bitcoin has also hit an all-time high, following Trump’s election promise to prioritise the volatile crypto currency.
Investors are, however, betting that Trump’s plan to cut taxes and raise tariffs will push up inflation and reduce the pace of interest rate cuts.
Higher rates for longer mean investors will get better returns on savings and investments they hold in dollars.
Subscribe here: http://bit.ly/1rbfUog
For more news, analysis and features visit: www.bbc.com/news
#US #Election #BBCNews
GUANGZHOU (CINA) (XINHUA/ITALPRESS) – La provincia del Guangdong, il cuore manifatturiero della Cina, ha visto la creazione di 36.000 nuove…
PALERMO (ITALPRESS) – L’Assemblea Regionale Siciliana ha approvato la legge che stanzia 40,8 milioni di euro per gli interventi urgenti…
The Trump administration says a US aircraft carrier- the USS Abraham Lincoln- and supporting warships have arrived in the Middle…
Shetland is holding its world famous Up Helly Aa fire festival. The event, traditionally held on the last Tuesday of…