US Markets Stable After Assassination Attempt on Donald Trump

US markets remained stable following the assassination attempt on former President Donald Trump over the weekend. Despite the incident, US stock futures showed minimal movement, with Dow futures increasing by 0.2%, S&P 500 futures rising by 0.1%, and Nasdaq Composite futures remaining unchanged. Trump survived the shooting, with reports indicating that he was doing well after being shot in the ear during a rally in Pennsylvania. The shooter was killed, and there were casualties among attendees as well.

President Joe Biden condemned the violence and spoke with Trump following the incident. The Republican National Convention is set to begin in Milwaukee, where Trump is expected to be officially nominated as the Republican candidate for the 2024 presidential election. The markets, seeking stability, appeared unfazed by the assassination attempt against Trump, with analysts stating that his frontrunner position for the presidency remains unchanged.

A potential Trump victory in the upcoming election is predicted to lead to the preservation or expansion of tax cuts and increased tariffs. Despite concerns over inflation and interest rate cuts, Trump’s proposed policies could impact the US economy and currency exchange rates. The week ahead is significant for earnings reports, with Goldman Sachs and BlackRock scheduled to disclose their financial results.