KN Market View 2024-11-17

#KNMarketView

Main Topics

Key Events - Donal Trump's election win has raised concerns about higher tariffs on China, but other Asian countries may also be affected.

Government Bonds and Currencies - Federal Reserve Chair Jerome Powell praised the U.S. economy’s recent performance as “remarkably good,” allowing for a more measured approach to interest rate cuts.

Commodities - IEA’s prediction on oil surplus for 2025 estimated more than 1 million bpd of exceeding supply.

Stocks - Hong Kong markets had a tough week with a decline of -6.28%.

Crypto - Cryptocurrency market surges to $3.2 trillion amid optimism for pro-crypto policies.

Paper of the week - Oversupply Could Mute Effects of Wider Middle-East Conflict on Oil Prices.