After the corona pandemic, wars, inflation and most recently the hype about artificial intelligence (AI), the next US president is likely to leave his mark on the financial markets next year. For his second term in office, the Republican Donald Trump has already indicated during the election campaign where he believes the journey should go, namely towards economic isolationism, including trade conflicts, lower taxes and significantly less regulation. After his surprisingly clear election victory, the markets reacted immediately to the new economic world he outlined: stocks rose significantly, especially in the USA, as did cryptocurrencies such as Bitcoin. The US dollar also flexed its muscles and the euro fell noticeably. Since many of Trump’s plans could give a new boost to inflation in the country, US interest rates also rose.
