Following the failed attempt on the life of former President Donald Trump over the weekend, U.S. equities are anticipated to see a brief uptick as experts believe there is a greater chance that he will be re-elected in November.
A partner at the markets advisory firm Signum Global Advisors, investors responded to the possibility of a second Trump presidency with “relative optimism,” which helped push U.S. futures higher overnight.
In anticipation of a more favourable environment for the digital asset under a Trump presidency, cryptocurrency markets also surged, with bitcoin jumping as much as 5% on Monday to surpass $63,000.
“If anything, the events of Saturday bolster the argument that President Donald Trump will prevail in the November election. Casey stated, “I believe that’s what the markets have responded to.”
Source (CNBC)
