Financial markets demonstrated sharp fluctuations following Donald Trump's victory in the U.S. elections on November 5. In November, there were clear winners and losers across all asset classes, as American stocks rose, the dollar strengthened, and the price of bitcoin surged.
However, December may bring increased volatility with rising risks for American stocks and global currencies. Analysts warn that Trump's trade policies, which benefited American assets but pressured European exporters and currencies of emerging markets, may face challenges. Trump's fiscal policy could provoke a negative reaction in the bond market and rising inflation, complicating global prospects.
