Benfica's early lead erased as Qarabag stuns with 3-2 victory
Benfica squandered a two-goal advantage, falling 3-2 at home to Qarabag in their Champions League opener. Oleksiy Kashchuk's late strike secured a his...
Major stock markets around the world rallied on Wednesday, while bitcoin hit a record high and the dollar was set for its biggest one-day jump in four years as Donald Trump was elected U.S. president
Major stock markets around the world rallied on Wednesday, while bitcoin hit a record high and the dollar was set for its biggest one-day jump in four years as Donald Trump was elected U.S. president.
Small cap U.S. stocks in particular were boosted by expectations that a Trump presidency would offer tax cuts and support domestic companies.
Though bond investors dumped long-dated Treasuries, betting that accompanying tariff hikes would increase the deficit and inflation, causing the Federal Reserve to cut rates by less than they otherwise would have, and potentially raising fears about the United States' fiscal position.
Trump, 78, recaptured the White House in Tuesday's election following a campaign that deepened the polarization in the country.
U.S. S&P and Nasdaq futures jumped more than 2% ESc1, 1YMc1, and those tracking the small cap Russell 2000 RTYcv1 soared 6%. The dollar index =USD rallied 1.4% and was set for its best day since March 2023.
The rally in U.S. stock futures and signs of a decisive result cheered equity markets, with European shares up 0.9% .STOXX as stock investors put aside worries about the impact of potentially higher tariffs for now.
It was a different story in emerging markets, where Mexico's peso sank to its weakest level in over two years.
"The market is definitely moving in line with the Trump playbook; stocks and small caps, in particular, are higher on the idea that Trump will be good for U.S. companies," said Seema Shah, chief global strategist for Principal Asset Management in London.
"Across emerging markets, you can see China and Europe are struggling with the idea that they could face higher tariffs, and U.S. bond yields higher with expectations for a higher fiscal deficit and inflation."
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
Benfica squandered a two-goal advantage, falling 3-2 at home to Qarabag in their Champions League opener. Oleksiy Kashchuk's late strike secured a historic comeback for the Azerbaijani side.
The International Atomic Energy Agency said on Tuesday its team at Ukraine's Zaporizhzhia nuclear power plant heard shelling close to the site and observed black smoke rising from three nearby locations.
U.S. President Donald Trump arrived in Britain late on Tuesday for his second state visit, where the UK and US plan to announce major investment deals and strengthen their “special relationship,” Prime Minister Keir Starmer said.
Protesters gathered outside Windsor Castle on Tuesday ahead of Donald Trump’s state visit, unfurling banners as police stepped up security around the royal residence.
Former Brazilian president Jair Bolsonaro was taken to the hospital on Tuesday after feeling unwell, according to CNN Brasil. The 70-year-old has a history of health problems linked to a 2018 stabbing attack.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment