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Global Market Weekly Recap: November 4 – 8, 2024

Trump’s presidential win sparked a broad market rally, with investors piling into assets on hopes for business-friendly policies and fiscal stimulus under the new administration.

Bitcoin made some of the biggest waves while U.S. stock indices also reached record levels. However, the excitement eased a bit toward the end of the week as both the Fed and Bank of England stepped in with dovish 25-basis-point rate cuts and traders took profits from their “Trump trade” positions.

How exactly did the major assets react to major catalysts this week? We’re breaking them down for ya:

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