When the news of Mr. Donald Trump’s victory broke the world’s stock markets took a dive. Here is how the scene played out.
Stock market and futures on Nov 9, 2016
On 9th Nov the futures read as follows - S&P trading below -5%, DAX also trading below -5% and the London stock exchange reporting FTSE at -5% while the Japanese Nikkei: was also trending at about 5%.
Crude: had slipped by-3% and among currencies the Peso took a massive hit of around -12% while the Dollar Index was trending at -2%. The only futures trading in the black were Gold trading at higher than +4% and surprise of surprise the crypto-currency Bitcoin at +3%.
Gold has traditionally been hedged as people become afraid of uncertainty. The surprise however is digital currency such as Bitcoin trading better than most stocks and currencies. This means that crypto-currency time has come and that the world is swiftly gearing up to gear into a paradigm shift with respect to financial transactions.
These are baby steps and events are moving fast. Payment solutions companies such as Alipay and Payment Asia among others are already looking at digital currency as a payment solution. Payment Asia Reviews is a web source of interesting conversation between the users and financial stakeholders in the payment solution business. There is some kind of roadmap appearing on the horizon as more and more people voice their collective or individual opinion on the way forward. Big data analytics are already in use by companies such as paymentasia which allow them unrestricted insights.
Politicians may have ridden the wave of fear psychosis into positions of power but it is the technocrats of the modern financial world listening to the pulse of the denizens of the world in forums such as paymentasia reviews that will highlight the roadmap of the future.
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