Market anticipates potential tariffs under President-elect Trump, with concerns over US CPI report.

From Investing.com: 2024-11-13 04:58:00

President-elect Trump is assembling his team, with Elon Musk joining to lead the Department of Government Efficiency. The market anticipates announcements on tariffs, especially on imports from China and Europe. Germany prepares for a snap election on February 23 if Chancellor Scholz loses a confidence vote, with no single party likely to achieve an absolute majority. Gold and bitcoin continue their journey in opposite directions, while US equities retrace slightly ahead of today’s US CPI report. The yen remains weak against the dollar, prompting concerns among BoJ officials and resurfacing talk of intervention.



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