Donald Trump’s victory also fuelled rallies in US stocks and punished bond prices as expectations of tax cuts and tariffs on imports boosted expectations of short-term economic growth. The euro fell even further, edging towards parity with the dollar. In Ireland, one of the most exposed countries in the world if the US builds up a trade wall, shares fell sharply. The Iseq index of leading Irish shares fell 1.67pc compared to a .5pc fall for the French CAC index. The euro fell even further, edging towards parity with the dollarBitcoin surged to a record high.

Source: Irish Independent November 07, 2024 05:32 UTC