The ancient Giza pyramids are a bucket-list destination for many globetrotters heading to Egypt, but the sight of the camels and horses languishing in front of them is less breathtaking.
Republican presidential nominee and former U.S. President Donald Trump holds a campaign rally at Santander Arena in Reading, Pennsylvania, U.S., November 4, 2024. REUTERS/Brian Snyder
S&P 500 futures and Nasdaq futures both climbed more than 1% as Wall Street looked forward to promised tax cuts and less corporate regulation. Trump's proposals would also tend to push up the dollar and potentially limit how far U.S. interest rates might ultimately be lowered. Yields on 10-year Treasury notes jumped to a four-month high of 4.471%, breaking last week's top of 4.388%. Two-year yields climbed to 4.312%, from 4.189% late in New York.
In currency markets, the dollar index surged 1.6% to 105.19, the biggest daily rise since early 2023. The euro slid 1.57% to $1.0757, falling back from a one-month top of $1.0937 struck overnight.Bitcoin climbed as much as 8.54% to reach a record $75,060. Trump is seen as more actively supportive of cryptocurrencies than Harris.
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