Markets welcomed Donald Trump’s selection of Scott Bessent as Treasury Secretary, interpreting it as a stabilizing move for the U.S. economy. Asian stock markets gained, with notable increases in Japan, South Korea, and Australia, while U.S. futures showed positive movement. The yield on 10-year Treasuries fell to 4.35%, reflecting optimism among investors. The U.S. dollar weakened slightly, and Bitcoin recovered from earlier declines. These developments indicate cautious market confidence following the announcement. Continue here.
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