Newsweek on Nostr: Global markets rise as Trump taps Scott Bessent for Treasury role ========== Global ...
Global markets rise as Trump taps Scott Bessent for Treasury role
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Global markets rose on Nov 25, 2024, following President-elect Donald Trump's nomination of Scott Bessent as Treasury Secretary; Bessent, 62, is a billionaire hedge fund manager and founder of Key Square Capital Management; European markets saw Germany's DAX up 0.7% to 19,461.11, France's CAC 40 up 0.9% to 7,322.70, and the FTSE 100 up 0.4% to 8,291.83; U.S. futures indicated growth with S&P 500 and Dow Jones up 0.4% and 0.6%, respectively; Asian markets showed mixed results, with Tokyo's Nikkei 225 up 1.3% to 38,780.14, while China's Shanghai Composite fell 0.1% to 3,263.76; Bessent would be the first openly gay Treasury Secretary if confirmed; Analysts predict a moderate approach to fiscal policies under Bessent, easing investor concerns; Bitcoin hovered near $98,000; Investors are watching for upcoming economic reports including the PCE index and consumer sentiment.
#DonaldTrump #ScottBessent #TreasurySecretary #GlobalMarkets #Investors #Economy #StockMarket #Bitcoin #Asia #Europe
https://www.newsweek.com/trump-scott-bessent-treasury-nomination-markets-react-1991121
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Global markets rose on Nov 25, 2024, following President-elect Donald Trump's nomination of Scott Bessent as Treasury Secretary; Bessent, 62, is a billionaire hedge fund manager and founder of Key Square Capital Management; European markets saw Germany's DAX up 0.7% to 19,461.11, France's CAC 40 up 0.9% to 7,322.70, and the FTSE 100 up 0.4% to 8,291.83; U.S. futures indicated growth with S&P 500 and Dow Jones up 0.4% and 0.6%, respectively; Asian markets showed mixed results, with Tokyo's Nikkei 225 up 1.3% to 38,780.14, while China's Shanghai Composite fell 0.1% to 3,263.76; Bessent would be the first openly gay Treasury Secretary if confirmed; Analysts predict a moderate approach to fiscal policies under Bessent, easing investor concerns; Bitcoin hovered near $98,000; Investors are watching for upcoming economic reports including the PCE index and consumer sentiment.
#DonaldTrump #ScottBessent #TreasurySecretary #GlobalMarkets #Investors #Economy #StockMarket #Bitcoin #Asia #Europe
https://www.newsweek.com/trump-scott-bessent-treasury-nomination-markets-react-1991121