European Stocks Falter As Trump Hopes Turn To Fear
Fahad Shabbir (@FahadShabbir) Published November 11, 2016 | 05:50 PM
LONDON, , (UrduPoint / Pakistan Point News - 11th Nov, 2016 ) - European stock markets retreated Friday and the Dollar rallied on the prospect of higher US interest rates, with dealers betting US president-elect Donald Trump's planned huge spending policies will fire inflation.
Despite an all-time high close on Wall Street Thursday, investors across Asia and Europe turned cautious on uncertainties linked to a Trump presidency, while the Mexican peso hit a fresh record dollar low.
After an initial shock, global equities rocketed Wednesday and rose further Thursday after Trump beat Hillary Clinton to the US presidency, with investors hoping for business-friendly policies and measures to boost the US economy, a key driver of world growth.
However, there are also worries about his plans after saying he would tear up several trade deals while ramping up import duties. "It's been a Trumper-thumper of a couple of days in markets," CMC Markets analyst Jasper Lawler wrote in a note to clients.
Related Topics
Recent Stories
Statement of Engro Corporation - LNG Case Decision
Wasim Akram touches fans’ hearts by new look
Empowering women for employment is the need of hour, says Sadaffe Abid
Global study reveals Pakistan’s inadequate measures against Tobacco Industry
Co-Working Center launched in Okara under PITB’s e-Earn program
BHC judges recommend legal action over agencies interference into judicial matte ..
Third Women T20I: Pakistan to face West Indies today
Mahira Khan delights at Arijit Singh’s concert in Dubai
Dubai Customs Celebrates World Intellectual Property Day, Honors Schools and Uni ..
Vivo Reveals Durefishan Saleem as Brand Ambassador for its Upcoming Y100 Smartph ..
FIA investigates alleged irregularities in tickets’ sale for PSL, int’l matc ..
IMF approves $1.1b final tranche for Pakistan
More Stories From Business
-
Minister visits Punjab Model Bazaars Management Company
2 minutes ago -
Kyrgyz Honorary Consul calls on Punjab Governor
13 minutes ago -
Statement of Engro Corporation - LNG Case Decision
19 minutes ago -
Brazil's producer inflation rises 0.35% in March
43 minutes ago -
Global study reveals Pakistan’s inadequate measures against Tobacco Industry
51 minutes ago -
Planning minister holds meeting with Chinese companies
2 hours ago
-
PSX witnesses bearish trend, loses 592 points
2 hours ago -
HCCI delegation departs for Iran
2 hours ago -
Gold rates decrease by Rs 2,000 per tola to Rs 241,900
2 hours ago -
Pakistan earns $614m by exporting transport services in 8 months
3 hours ago -
Economic indicators show country on positive trajectory: Report
4 hours ago -
KPT shipping movements report
4 hours ago