US election reaction and stock market trends | Wilnesh News

Novo Nordisk on Wednesday reported third-quarter earnings that were largely in line with expectations and narrowed its full-year 2024 growth guidance.

The Danish pharmaceutical giant said third-quarter net profit reached 27.3 billion Danish crowns ($3.92 billion), beating LSEG’s overall forecast of 26.95 billion Danish crowns.

Read the full story here.

——Sophie Kidlin

George Saravelos, global head of FX research at Deutsche Bank, explained that his team is holding on to its short euro bets as U.S. results come out.

At around 5am UK time, just as NBC News was projecting Donald Trump to win North Carolina, he said in a research note:

“While the results are not confirmed at the time of publishing, poll projections suggest a Trump victory is likely. We remain committed to our long-term short EUR/USD view given the asymmetric USD positive risks we have highlighted this year and we are revising our year-end EUR/USD forecast downwards to 1.05.

——Matt Clinch

Steve Sosnick, chief strategist at Interactive Brokers, pointed out that the market is indicating that former President Trump will defeat Vice President Kamala Harris.

“Right now, the market is calling it Trump. Whether that’s true or not is yet to be determined. It will be interesting to watch,” Sosnick told CNBC. “But the market has been ahead of the pollsters and experts for some time. “

Dow Jones Industrial Average futures surged more than 480 points, or 1.2%. Bitcoin, which is seen as benefiting from Trump’s victory, hit a record high, last trading at $74,148, up 6.7%. U.S. Treasury yields have also climbed, with the benchmark 10-year note yielding about 4.4%.

To be sure, the situation in several battleground states remains too close or too soon, according to NBC News.

— Fred Ambert

Bitcoin Stocks rose to record highs late Tuesday as investors bet former President Donald Trump would gain an advantage in the U.S. election.

The price of the flagship cryptocurrency hit a record $75,000, according to Coin Metrics. NBC News’ gains have increased as Trump takes the lead in the Electoral College, although the polls haven’t yet been cast in any of the key battleground states.

exchange operator Coin library rose 3% in after-hours trading, while micro strategyup 4%.

For more on Bitcoin price action on election night, read our full article.

— Tanaya Machel

U.S. Treasury yields rose sharply in early trading Tuesday evening as traders saw former President Donald Trump having an electoral advantage.

The 10-year Treasury yield rose 16 basis points to 4.44%, the highest level since July 2. 1 basis point is equivalent to 0.01%. There is a reciprocal relationship between output and price.

Although NBC News has not released a list of key swing states, traders speculate that early returns will be in Trump’s favor.

Bond yields could soar if Trump wins and the Republicans sweep Congress and the White House. That’s because Republicans are likely to enact tax cuts and higher tariffs that could widen fiscal deficits and reignite inflation.

“Bonds are seeing a massive sell-off across the yield curve as the Trump trade is enacted again,” Byron Anderson, head of fixed income at Laffer Tengler Investments, wrote. “We see markets expecting a Trump win, And there’s a real possibility of a Republican sweep.”

— Yun Li

As the results of one of the most hotly contested elections in the United States come in, investors are scrambling to build positions on the most likely outcome.

Shelby McFaddin, senior analyst at Motley Fool Asset Management, said she expected volatility this week but “limited impact on long-term investing as the market awaits real policy impact.”

She told CNBC’s “Street Signs Asia” on Nov. 5 that any bets made before the final results are known are “pure speculation.” A worrying question.

Looking back at the election results, McFaddin listed three stocks she likes right now.

CNBC Pro subscribers can read more here.

— Amala Balakrishna

Citigroup’s Scott Cronut said investors should sell a potential rally in the market if Trump wins the election.

“You’re starting from a fairly broad valuation environment that is predicated on very strong subsequent earnings growth in 2025,” the bank’s U.S. equity strategist told CNBC’s “Squawk on the Street” on Tuesday. “We’re starting from a fairly broad valuation environment. The concern is that a Trump victory would bring tariffs into the discussion…and that growth expectations for 2025 would become more questionable when we take action on tariffs.”

On the other hand, if Harris wins, Cronutt said investors should consider buying in anticipation of market declines.

“It really comes down to Trump and tariffs and Harris and taxes,” he said.

— Sean Conlon

Goldman Sachs said a second Trump administration is more likely to bring volatility to the oil market.

The investment bank told clients in a note on Monday that Donald Trump is likely to tighten sanctions on Iran, reducing Iranian supplies and putting upward pressure on prices in the near term.

Oil prices rose about 1% as U.S. voters headed to the polls. U.S. crude oil As of 8:56 a.m. ET, oil prices rose 35 cents, or 0.49%, to $71.82 a barrel. global benchmark Brent Crude oil futures rose 33 cents, or 0.44%, to $75.41 a barrel.

“Conceptually, the impact of a potential Trump re-election on oil prices,” Yulia Zhestkova Grigsby, vice president of commodities research at Goldman Sachs, told clients in a note on Monday. is vague.

However, Goldman Sachs said that in the medium term, the second Trump administration may intensify trade tensions through tariffs, which will put downward pressure on global oil demand and prices.

— Spencer Kimball

Two stocks outperforming the market S&P 500 Index According to a study by CNBC Pro, the election has been held every November for the past three decades — regardless of the outcome.

CNBC Pro screens for stocks in the MSCI World Index that are gaining more than average right now S&P 500 Index Its losses have been lower than the index in November of every election year since 1988.

CNBC Pro subscribers can read more about both stocks here.

— Ganesh Rao

European markets are expected to open lower on Wednesday.

British FTSE 100 German stocks are expected to open 8 points lower at 8,167 German DAX Index France fell 65 points to 19,189 CAC Down 22 points to 7,383 points, Italy FTSE MIB It fell 134 points to 34,098, according to IG data.

Earnings came from Novo Nordisk, Skanska, Lundin Petroleum, Ahold del Haez, PUMA, Crédit Agricole, Pandora, Commerzbank, Henkel and Enel, among others.

— Holly Elliot