My Tiny Feed

gr.euronews.com

European Markets Fall Amid Trump Victory, US Markets Soar

European markets fell sharply due to Trump's trade policies, contrasting with US record highs. Automakers were hit hard, while precious metals declined.

Read original article in Greek

Greek

United States

PoliticsEconomyUs PoliticsInvestmentTradeStock Market

StoxxDaxCac 40Federal ReserveOanda

Donald TrumpOlaf ScholzChristian LindnerJosh GilbertMichael Mccarthy

How did European markets perform on Wednesday compared to US markets?: European markets fell sharply on Wednesday, contrasting with US market gains, as investors weighed the impact of Trump's trade policies on the Eurozone economy.
What was the impact on precious metals and what factors contributed to this outcome?: Precious metals fell amid a stronger dollar and reduced demand for safe haven assets post-election. Gold futures dropped 2.7%, and silver futures fell 4.4% on Wednesday.
How did US markets react to Trump's election victory and what factors drove that reaction?: US markets reached record highs on election day, with the Dow Jones up 3.6%, S&P 500 up 2.53%, and Nasdaq up 2.95%. Investors responded positively to Trump's proposed tax cuts, deregulation, and 'America First' agenda.
What were the percentage changes for major European indices like Stoxx 600, DAX, and CAC 40?: The Stoxx 600 fell 0.54%, the DAX dropped 1.13%, and the CAC 40 decreased by 0.51%. Investors assessed potential impacts of Trump's presidency on European economies, particularly with a Republican-controlled Congress.
Which sector was most impacted negatively in the German market and what were the key players?: German automakers were particularly hard hit, with Mercedes-Benz losing 6.4%, Volkswagen falling 4.3%, and BMW down 6.5%. The Stoxx Europe 600 Automobiles & Parts index also fell 2.3%, dragging down broader market performance.

Jan 22, 13:11

Trump's Executive Order Challenges Federal and State EV Support

President Trump issued an executive order on his first day in office aiming to eliminate federal and state support for electric vehicles, including a \$7,500 tax credit, potentially sparking legal challenges and impacting the US auto industry's competitiveness with China.

Jan 22, 13:11

Trump Seeks to Eliminate Federal and State Support for Electric Vehicles

President Trump issued an executive order on his first day in office aiming to eliminate federal and state support for electric vehicles, including a \$7,500 tax credit, but faces legal hurdles and potential congressional opposition, while automakers remain committed to EV production despite the changes.

Jan 22, 13:12

Trump Issues Executive Order to Combat Inflation

On January 20, President Trump signed an executive order aiming to lower the cost of living by directing federal agencies to reduce prices on housing, healthcare, and fuel, despite economists' doubts and low public confidence.

Jan 21, 13:10

Trump Issues Sweeping Executive Orders on First Day

President Trump's first day in office saw a flurry of executive orders, including pardons for those involved in the January 6th Capitol attack, a temporary halt to a TikTok ban, and the creation of a new government efficiency department; he declared a national energy emergency and withdrew from the Paris Agreement, while also threatening tariffs on Mexico and Canada.