Wall Street begins the Week with increases of 0.5% after the Weekend attack on former US President Donald Trumpwhich ended with He was slightly injured, one of the attendees died and the attacker was also shot dead.. All analysts say that what happened increases the chances of the former president winning the presidential elections in Novembereven more so when its reaction is contrasted with the weakness shown by Joe Biden in recent timesthat has led many to call for him to withdraw from the presidential race. «The picture of A strong and heroic Trump with blood on his face, his fist raised and an American flag waving behind him as security guards led him away from the scene marked the weekend, and came as a perfect contrast to the old and weakened Biden «from the TV debate» writes Ipek Ozkardeskaya, a senior analyst at Swissquote Bank. «To top it off, Trump said he will attend the Republican National Convention this week,» she notes. This event takes place between today, June 15, and June 18, and at it the next Republican candidate for election will be formally determined.
Ozkardeskaya agrees with the widespread view that while what happened has been shocking – and has raised concerns about a deeply divided America, where political violence is taking over – it has increased Trump's chances of winning the presidential election in November, going from 61% before the shooting to 67% afteraccording to PredictIt. “And, if history is any indication, such events have been a boon for a candidate in past elections,” he says. Bloomberg also acknowledges that what has happened increases the chances of Donald Trump winning the November presidential election. He points to the dollar gains seen today, the declines in the Mexican peso and the rises in bitcoin “reflect speculation about the Republican's return to the presidencywhich would bring tax cuts, higher tariffs and laxer regulations.» What's more, the Trump Media shares soar more than 40% on Wall Street in the heat of the attack against the former president and after this fact has raised the odds of the tycoon winning the November elections. US President Joe Biden addressed the nation last night in a brief statement from the White House, where he condemned the violence and called for unity. “Disagreement is inevitable in American democracy,” Biden said. “It is part of human nature. But politics should never be a literal battlefield, or God forbid, a killing field,” he said. All this will undoubtedly mark the day in the markets today on the other side of the Atlantic and around the world.actually. In fact, politics is going to take center stage, even more so after what happened, when we thought it would give us a little respite until after the summer. Aside from this topic, this Monday the results of the 2019 US presidential election were announced. Goldman Sachs and BlackRock following those announced on Friday by JP Morgan, Citi and Wells Fargo. Also had talked Jerome Powell. The president of the Federal Reserve (Fed) has assured this Monday that The central bank will start interest rate cuts before inflation falls to 2%since what the organization seeks is «confidence that inflation is moving sustainably» towards that level in order to relax its policy. «If you wait until inflation falls to 2%, You've probably waited too longbecause the adjustment you are making, or the level of adjustment you have, still has effects that will probably bring inflation below 2%,» he said during an interview with David Rubenstein at the Economic Club of Washington. It should be remembered that Wall Street ended last week in the green, led by the Dow Joneswhich added 1.59% in the weekly cumulative, while the S&P 500 advanced 0.87% and the Nasdaq, 0.25%. The Good US CPI data for June The Fed's first rate cut released last week, which increases the chances of seeing the first rate cut by the Federal Reserve (Fed) in September, boosted the stock markets. In business today, the Macy's shares plunge 13% on Wall Street on Monday after the company announced that Its Board of Directors has ended talks with Arkhouse and Brigade for a possible sale of the companysince the negotiations «have failed to lead to a viable proposal with certainty of financing at a compelling value»
OTHER MARKETS: STRONG INCREASES IN BITCOIN
The euro is trading at $1.0907 (+0.009%). Oil is up moderately (Brent barrel: $85.14; WTI barrel: $82.38). Gold is down slightly (-0.17%, $2,416) and silver is down 0.66% ($30.95). Bitcoin is breaking through $60,000 ($62,751) and Ethereum is up to $3,354. The yield on 10-year US bonds is up to 4.204%.