Investors celebrate in the markets the "calm" of the electoral result in the US that leaves Trump with no options to provoke a new economic chaos
As the evening fell over the Madrid Stock Exchange, a Spanish economist expressed concern about potential market turmoil following the U.S. midterm elections. The results, however, were favorable, leading to a positive reaction in European markets, particularly in Spain where the Ibex index rose nearly 3%. Financial stocks, especially CaixaBank and Banco Santander, saw significant gains due to anticipated interest rate hikes in the Eurozone. Analysts noted that the clarity of the election outcome reduced risk premiums and could lead to bipartisan budget agreements in the U.S. However, they cautioned that Trump's administration would maintain its foreign policy stance. The U.S. 10-year bond yields fell, while commodity prices showed mixed reactions, with gold and silver rising amid geopolitical tensions. The dollar weakened against the euro, and concerns emerged regarding the future of U.S. technology investments under a potentially more regulated environment.
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