Donald Trump's victory in the U.S. presidential elections has led to a significant surge in financial markets.
Wall Street opened the day at record highs, driven by the new Republican administration's promises to lower corporate taxes, implement favorable tariffs, and promote deregulation.
This has particularly benefited sectors such as banking and small-cap companies. According to Reuters, the Russell 2000 index, which includes smaller companies, rose by 4.8%, reaching its highest level in nearly three years.
One of the biggest beneficiaries was Tesla, whose shares rose by 12.5% following Trump's announcement of appointing Elon Musk, its CEO and one of his key allies during the campaign, as the head of a government efficiency commission.
This support solidified Musk's position in the incoming administration and added value to Tesla compared to other electric vehicle manufacturers, which experienced declines due to Trump's statements about the potential elimination of tax credits for electric vehicles.
The cryptocurrency market also saw a drastic increase. Bitcoin reached an all-time high of $75,000, with a 9% rise, driven by Trump's promise to make the United States a global hub for cryptocurrencies.
Trump's shift from critic to supporter of the sector has generated optimism in the industry, which anticipates greater regulatory acceptance under his administration. Ether, another popular cryptocurrency, also increased in value by 6%.
Trump's victory has had global repercussions. The dollar rose by 1.5% against other major currencies, and the 10-year Treasury yield increased to 4.46%, levels not seen since July.
These movements reflect the expectation that Trump's protectionist approach will increase inflation, limiting the Federal Reserve's ability to lower interest rates in the future.
In Europe, markets reacted mixed. According to El Mundo, the Spanish index Ibex 35 fell by 2%, impacted by the effects on renewable energy stocks, as Trump has proposed dismantling the climate change policies of the previous administration.
At the same time, sectors such as defense and American banking saw their values rise, anticipating fewer regulatory restrictions in the Trump era.
In general, Trump's victory appears to be shaping an economic environment that benefits industrial, energy, and cryptocurrency sectors, while sectors reliant on environmental policies may face significant challenges in the coming years.
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