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2024-07-15 07:11:07

Tech Geek on Nostr: A look at the day ahead in European and global markets from Stella Qiu. Shock at the ...

A look at the day ahead in European and global markets from Stella Qiu.

Shock at the attempt to assassinate former President Donald Trump is driving markets this Monday. For traders, their initial reaction has been to buy the U.S. dollar and bitcoin and sell longer term U.S. Treasuries the so-called Trump-victory trades as the incident galvanises his chances of winning back the White House.

Futures for 10-year Treasuries slipped , pointing to higher yields. Investors have tended to react to the prospect of a Trump win by pushing Treasury yields higher, in part on the assumption his economic policies would add to inflation and debt.

Key developments that could influence markets on Monday:
- ECB President Christine Lagarde to speak at Eurogroup meeting in Brussels
- Euro zone industrial production data
- BlackRock, Goldman Sachs earnings results
- Fed Chair Jerome Powell interview at the Economic Club of Washington
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