Trump’s 'America First' Cabinet Picks Raise Fears of Trade Tensions, Impacting Global Markets.

Benzinga

Following Donald Trump's election, US stocks hit record highs, and the dollar reached a two-year peak, while non-US assets declined. An MSCI index of developing-market currencies lost over 1%, and European stocks and the euro fell. Trump's America First cabinet appointments amplify fears of trade tensions, which could drive inflation and limit central banks' options. Emerging markets, such as China and Mexico, viewed as vulnerable to Trump’s policies, saw significant impacts. Asian stocks dipped, with South Korean shares approaching a one-year low due to foreign selloffs in trade-sensitive firms.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Following Donald Trump's election, U.S. stocks hit record highs and the dollar reached a two-year

00:06peak, while non-U.S. assets declined. An MSCI index of developing market currencies lost over

00:13one percent, and European stocks in the euro fell. Trump's America First cabinet appointments

00:19amplified fears of trade tensions, which could drive inflation and limit central banks' options.

00:24Emerging markets such as China and Mexico, viewed as vulnerable to Trump's policies,

00:29saw significant impacts. Asian stocks dipped, with South Korean shares approaching a one-year

00:34low due to foreign sell-offs in trade-sensitive firms. For all things money, visit Benzinga.com

00:40slash GSTV.

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