The "Trump Trade" combined with the Federal Reserve's interest rate cuts led to the S&P 500 achieving its best weekly performance in a year, while the dollar index rose for six consecutive weeks | Overseas Major Asset Weekly Report

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2024.11.10 09:02
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The deregulation, increased mergers and acquisitions, and tax reduction policies of the Trump administration are believed to promote economic growth and risk assets. U.S. stocks performed strongly against the backdrop of the Federal Reserve's interest rate cuts, with the S&P 500 reaching its 50th new high of the year, and the U.S. dollar index rising for six consecutive weeks. Despite concerns over tariff plans leading to declines in European stock markets, the commodity market was also affected, with gold experiencing its largest weekly drop in over five months