Possible ceasefire between Israel and Lebanon, Trump's Treasury Secretary pick boosts market confidence.

From Investing.com: 2024-11-25 05:19:00

In Lebanon, a possible ceasefire looms as Israel and Lebanon near an agreement, causing gold prices to drop. Meanwhile, in the US, a shortened trading week begins for Thanksgiving, with equities futures up due to Trump’s Treasury Secretary pick. Scott Bessent, a billionaire hedge fund manager, has been nominated, boosting market confidence in potential tax rate cuts. The euro and yen are up against the dollar, while bitcoin dips slightly after nearing $100,000, with profit-taking likely to continue in the short term.



Read more at Investing.com: Geopolitics and Trump’s Cabinet Selections Guide Market Sentiment