Morning Report 07 Nov 24: Dow soars 1,400 points to record high as Trump defeats Harris

U.S. stocks have reached historical highs following Donald Trump’s presidential win, with the Dow Jones index up around 1,400 points. U.S. bond yields also surged as Trump’s victory accelerated a bond sell-off. Meanwhile, European shares, particularly among car makers, fell on fears of potential Trump tariffs. Commodity prices slumped as the U.S. dollar surged, with copper prices tumbling amid concerns over a slower energy transition. In Australia, shares are expected to open flat on Thursday ahead of NAB’s earnings results. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.