live commentary Post

Trump elected as new president of the United States after winning in key swing states

By TradeRadius | Wed, 06 Nov 2024 10:54:43 UTC

Former president Donald Trump has been elected as the new president of the United States, according to the Associated Press.
Trump has secured more than 270 electoral votes after winning in key swing states such as Pennsylvania and Wisconsin.
Trump's victory favors the so-called Trump trades, with the US Dollar and Bitcoin soaring.

Former US president Donald Trump has been elected as the 47th president of the United States after comfortably winning the 2024 presidential election. The Republican candidate has secured more than 270 electoral votes after winning in key swing states such as Pennsylvania and Wisconsin.

The Republican nominee has secured 277 electoral votes. Kamala Harris, meanwhile, obtained 224 electoral votes.

US presidential election results. Source: Associated Press

Trump holds a commanding lead in other key states such as Michigan, Nevada and Arizona, so the number od electoral votes for the Republican is likely to be higher.

Some estimates also suggest that Trump could win in the popular vote, the first Republican candidate to do so in 20 years. Republicans have also retaken control of the Senate, while the results for the House of Representatives are still uncertain.

"This is a magnificent victory for the American people," Trump said in his first speech after almost securing the victory. "America has given us an unprecedented mandate," he added.

Kamala Harris hasn't conceded yet as the Democrat candidate postponed her speech. Cedric Richmond, co-chair of Harris’ campaign, said that Harris would address the nation on Wednesday morning US time.

The US Dollar soars by around 1.5% on Wednesday, according to the DXY US Dollar Index. Meanwhile, Bitcoin jumps more than 6% and has reached a new all-time high. Gold retreats further from recent highs, falling 0.8%.

Partners News

Bank appraisals on housing increased 19 euros to 1,740 Euros per square meter

The median value of bank appraisals on housing reached €1,740 per square meter in November 2024, €19 more than in the previous month (an increase of 1.1%). On a year-on-year basis, the rate of change stood at 13.7% (12.0% in October). It should be noted that the number of bank appraisals inc...

By TradeRadius | 6 Minutes Ago

Domestic Material Consumption extracted from the environment grew 1.7%

Domestic Material Consumption increased by 1.7% in 2023, in an economic context marked by real GDP growth of 2.5%. In the last decade, as a result of a 2.5% increase in Domestic Material Consumption and a 20.4% growth in GDP in volume, productivity in the use of materials increased by 16.8%,...

By TradeRadius | 6 Minutes Ago

Christmas getaway: Tips to avoid disruption

Nearly 14 million drivers are expected to hit the road during the last weekend before Christmas, marking a new record, according to the RAC motoring group. Disruption to some rail services is also expected due to engineering works, adding to congestion on the roads, while windy weather has led...

By TradeRadius | 28 Minutes Ago

Sweden criticises China for refusing full access to vessel suspected of Baltic Sea cable sabotage

Swedish public prosecutor denied permission to board Yi Peng 3 despite open investigation

By TradeRadius | 50 Minutes Ago

WTI Crude Oil Weekly Forecast: Range Steady as Holiday Season Trading Begins - 22 December 2024

By Robert Petrucci Created on December 22, 2024 WTI Crude Oil went into the weekend near the 69.500 USD mark, this as a two week stretch of holiday trading is looking speculators in the eyes as they decide if they want to participate.

By TradeRadius | 1 Hours Ago

10 Bold Predictions That Could Define Financial Markets in 2025

Below are the top 10 events and surprises that could impact financial markets and the global economy in the New Year. These are not forecasts, but potential macro-economic, geopolitical or market events that are not anticipated by the financial markets. We also try to assess the probability of...

By TradeRadius | 2 Hours Ago

Investing in mutual funds and ETFs? Know 5 differences between NAV and iNAV

Dec 22, 2024 When investing in mutual funds, investors often come across two key terms: NAV (Net Asset Value) and iNAV (Indicative Net Asset Value). Understanding these metrics enables investors to make informed decisions, align their investments with market trends, and optimize returns.

By TradeRadius | 5 Hours Ago

One ELSS mutual fund will open for subscription this week

Dec 22, 2024, 10:30:24 AM IST 1/6 Bajaj Finserv Mutual Fund will launch Bajaj Finserv ELSS Tax Saver Fund, an open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit.

By TradeRadius | 6 Hours Ago

Equity mutual funds lost up to 6% last week. Here’s the breakup

Dec 22, 2024, 10:22:48 AM IST 1/9 Equity mutual funds have offered negative returns in the last week upto 6%. Sectoral and thematic funds dominated the list of negative performers. Here are 10 worst performers. (Source: ACE MF)

By TradeRadius | 6 Hours Ago