NAB Morning Call cover image

NAB Morning Call

Them and the rest of us

Nov 6, 2024
Gavin Friend, a market economist and strategist at NAB, shares his insights on the aftermath of the US Presidential election. He highlights a notable 'Trump trade' with rising US dollar and equities, while European markets take a hit. Gavin discusses potential impacts on key players like the Fed and Bank of England, speculating on Trump's tax cuts affecting US rates. The conversation also touches on China's upcoming stimulus and the broader implications for global markets and trade relations, particularly with Europe.
16:15

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The announcement of Trump as president-elect sparked significant gains in U.S. equities, reflecting investor optimism in his promised economic policies.
  • Global markets, especially Europe, reacted negatively to the election, demonstrating concerns over the potential impacts of Trump's trade and tax reforms.

Deep dives

Market Response to Trump’s Election Victory

The announcement of Donald Trump as the president-elect has led to notable market reactions, with U.S. equities experiencing significant rises. For instance, the Nasdaq surged by 3%, while the Dow and S&P followed closely with gains of 3.6% and 2.5%, respectively. Additionally, the U.S. dollar rose by 1.6%, reflecting increased investor confidence in the potential economic policies under Trump’s administration. This bullish sentiment in U.S. markets comes at the expense of international equities, which saw declines after his election results.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode