European stocks set to rise following the appointment of Scott Bessent as US Treasury Secretary.
European stocks are expected to open higher on Monday following the appointment of Scott Bessent as US Treasury Secretary, a move seen as positive for moderate economic policies. Bessent, a hedge fund billionaire, supports tax reform and deregulation. Asian stocks have risen, the dollar has eased, and bond yields have fallen in response. Gold prices have also dropped. The US market saw strong gains last week, with the Dow reaching a new record high. European stocks closed firm on Friday, with the Stoxx 600 rallying 1.2%.
November 25, 2024
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