Odaily星球日报讯 资产管理公司 Mirabaud 高级投资专家 John Plassard 在报告中说，特朗普重返总统宝座有望提振美国市场，但代价是货币政策紧张、地缘政治局势紧张以及创纪录的赤字。美国优先政策将重振能源、国防和制造业，促进国内投资。然而，这种保护主义做法可能会导致通胀率上升，同时关税会增加生产成本。由于减税，联邦赤字可能进一步扩大，地缘政治紧张局势也可能加剧。（金十）

机构：特朗普回归将提振美国股市，但货币政策和地缘政治将面临压力

Odaily Odaily News: John Plassard, senior investment expert at asset management company Mirabaud, said in a report that Trump&#39;s return to the presidency is expected to boost the US market, but at the cost of tight monetary policy, geopolitical tensions and record deficits. The US First policy will revitalize energy, defense and manufacturing and promote domestic investment. However, this protectionist approach may lead to higher inflation rates, while tariffs will increase production costs. Due to tax cuts, the federal deficit may further expand and geopolitical tensions may also intensify. (Jinshi)

Agency: Trump's return will boost US stocks, but monetary policy and geopolitics will face pressure

Odaily Planet Daily Report: Pepperstone analyst Michael Brown said that a Trump victory could lead the market to focus on reflation, expected tax cuts, and potential tariff issues. The initial market reaction may include a rise in the US dollar and a decline in government bonds. Expectations of reduced regulatory burden may boost the stock market, especially energy and defense stocks. He said a Harris victory could lead to a weakening of the US dollar, as hedging operations related to Trump are unwound, and the foreign exchange market sensitive to trade will "breathe a sigh of relief". Expectations of more expansionary fiscal policy may put pressure on government bonds, while concerns about stricter regulation may put pressure on the stock market. However, the decline may be quickly bought on dips, and clean energy and technology stocks may perform better. This largely depends on the composition of Congress. For those who want to know if this election will change the long-term macroeconomic or market outlook, Brown's answer is "absolutely not". (Jinshi)

Analyst: This US election will not change the long-term macro market outlook

Odaily Planet Daily Report: Rong Ren Goh, portfolio manager of <Hanya Investments> in Singapore, said that after Trump took office, market volatility may increase, and this will indeed bring opportunities from a trading perspective. This volatility stems from the uncertainty surrounding how he intends to fulfill some of his campaign promises. Currently, the market is only focused on the prospect of tariffs, as this is the most easily directly leveraged lever under the president's executive order. (Gold Ten)

Agency: Future market will fluctuate around how Trump fulfills his promises

Although it is still too early to draw conclusions about the White House race, as many key battleground states have not yet decided the winner, there are clear signs of capital flows in various fields, from the government bond market to betting websites, indicating that Trump is not far from victory. The yield on the 10-year US government bond has risen by nearly 20 basis points, while the yield on similar Australian bonds has risen by nearly 12 basis points. The US dollar has strengthened, and the stock market has generally strengthened. Craig Vardy, head of fixed income at BlackRock, said the interest rate market is "steepening", which is the trend under the expectation of a Trump victory. (Jinshi)