Donald Trump has won the US presidential election in a landslide victory, capturing all swing states. His policies, including lower taxes, reduced immigration, and increased tariffs, are anticipated to have significant impacts on global markets. In response to his victory, stocks climbed, US borrowing costs rose, and Bitcoin spiked. Markets are watching to see if the momentum behind the so-called 'Trump trades' will continue. Attention is turning to upcoming economic indicators, such as US CPI and PPI data, retail sales, and speeches by Federal Reserve Chair Jerome Powell, who recently stated he hasn't ruled out or in a December rate cut. Traders are on edge after last week's 25 basis point rate cut, with future Fed moves likely hinging on upcoming inflation data and central bank commentary.