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CROSS ASSET: Trump Related Trades Continue To Gain Ground

CROSS ASSET
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

Trump related trades continue to gain ground. Bitcoin is now up above 5%. EUR and JPY down a little over 1.2%, with AUD and NOK not far behind. MXN is down 2.4%, last near 20.60, fresh highs in USD/MXN back to 2022. USD/CNH is above 7.1500, around session highs 

  • US equity futures are up near 1.0% for Eminis. US yields are up 11-16bps across the curve. The 10yr back to 4.415%. The curve is steeper
  • Regional equities are mostly positive at this stage. Hong Kong markets are down (HSI off 1.1%), although China markets are up. The CSI 300 tracking +1% higher.
  • Decision Desk HQ still has election election odds firmly in favour of Trump, close to 69%. Also note: NYT's presidential forecast 'needle' has for the first time in the night moved out of the 'tossup' category, with the election now seen as 'leaning Trump' with a 66% chance of victory according to the Times.
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Trump related trades continue to gain ground. Bitcoin is now up above 5%. EUR and JPY down a little over 1.2%, with AUD and NOK not far behind. MXN is down 2.4%, last near 20.60, fresh highs in USD/MXN back to 2022. USD/CNH is above 7.1500, around session highs 

  • US equity futures are up near 1.0% for Eminis. US yields are up 11-16bps across the curve. The 10yr back to 4.415%. The curve is steeper
  • Regional equities are mostly positive at this stage. Hong Kong markets are down (HSI off 1.1%), although China markets are up. The CSI 300 tracking +1% higher.
  • Decision Desk HQ still has election election odds firmly in favour of Trump, close to 69%. Also note: NYT's presidential forecast 'needle' has for the first time in the night moved out of the 'tossup' category, with the election now seen as 'leaning Trump' with a 66% chance of victory according to the Times.