{"id":117896,"title":"What happened overnight – Monday 25th November 2024","publisher":"Share Talk","author":"sharetalk","published":"2024-11-25T08:08:20+00:00","modified":"2024-11-25T08:21:23+00:00","canonical_url":"https://www.share-talk.com/what-happened-overnight-monday-25th-november-2024/","markdown_url":"https://www.share-talk.com/what-happened-overnight-monday-25th-november-2024.md","json_url":"https://www.share-talk.com/what-happened-overnight-monday-25th-november-2024.json","category":"B2B","categories":["B2B","Blogs","Exclusive Interviews","Technology","Technology, Media & Telecoms"],"tags":["AI-focused","Asia","Asian market","Asian markets","Bank of England","Bank of Japan","Bank of New York","Beijing","bond market","Brent Crude","china","chips","currency","Dow Jones","Federal Reserve","Hong kong","India","Jakarta","Japan","JP Morgan","Manila","Nikkei","Nvidia","Russia","semiconductor","Sensex","Seoul","shanghai","Shenzhen Composite Index","Singapore","South Korea","Sydney","Taipei","Treasury yields","U.S. bond market","U.S. stocks","U.S. Treasury","US recession","USA","Wall Street","Wellington","White House"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/10/WORLD-750x406-1.webp?fit=750%2C406&quality=80&ssl=1","format":"news","language":"en-GB","content":"The US dollar and bitcoin, which have experienced a surge since Donald Trump’s election victory, saw a slight pullback.\n\nBitcoin, after surpassing $99.4K late on Friday, dipped below $96K on Sunday but has since rebounded, trading above $98K this morning.\n\nThis dip has been attributed to the President-elect’s decision to appoint Scott Bessent as Treasury Secretary. As a relatively conventional choice, Bessent’s selection—highlighting his background as a hedge fund leader—signals to markets that Trump may adopt a more measured approach to economic policies.\n\nErik Nielsen of UniCredit summarized the sentiment: “After the drawn-out contest for the Treasury role and Trump’s other nominations, financial markets in the US collectively breathed a sigh of relief when Bessent was announced.”\n\nOil prices have started the week in decline, potentially weighing on the FTSE 100. Brent crude has fallen 0.65% to $74.68 per barrel.\n\nAsian markets are showing mixed performance this morning. Japan’s Nikkei and India’s Sensex are up by 1.3% and 1.4%, respectively, while the Hang Seng and Shanghai Composite are slightly down, losing 0.3% and 0.1%.\n\nTokyo gained over 1%, despite the yen strengthening against the dollar. Other key markets, including Hong Kong, Shanghai, Sydney, Seoul, Singapore, Taipei, Wellington, Manila, and Jakarta, also traded in positive territory."}