Shares of Oil and Gas Companies Are Trading Higher After Donald Trump Wins the 2024 Presidential Election.
US Total Crude Oil Stocks Rise in Week Ended Nov. 1
Big news! Trump has secured victory! What impact will it have on the financial markets?
Big news! Trump has already won at least 270 electoral votes, and will return to the White House in January next year! What impact will this have on the US economy and the global financial markets?
Goldman Sachs quick take on Trump's victory: will only slightly reduce taxes, limited impact of tariffs on the economy.
Goldman Sachs believes that if the Republican Party wins a slim majority in the House of Representatives, the expected tax reduction is only expected to account for a fraction of a percentage point of GDP, mainly targeting individual income taxes rather than corporate taxes; in terms of tariffs, automotive tariffs will become a focus and moderately drag on GDP; in terms of regulations, the Trump administration may take a more lenient approach.
Analyst: The prospect of a stronger dollar and increased drilling activity is putting pressure on oil prices.
November 6th, Guronghui | StoneX's Fawad Razaqzada stated in a report that the possibility of increased drilling activity after Trump became president may lead to an increase in US oil production, while the strengthening US dollar and the prospect of tariffs that could harm demand have brought downward pressure on oil futures. "So far, there is limited downside potential, but oil prices are more likely to test recent lows."
Trump returns to the White House! Looking back at his previous term, which type of assets performed the best?
In the face of the upcoming "Trump 2.0" era, considering the similarities in his campaign policies with the previous term, investors may find insights from history: which type of assets performed best during Trump's first term?