The US dollar and Asian stock markets declined. Biden previously announced his withdrawal from the 2024 US presidential election and supported He Jinli to take over the fight.
Bloomberg US Dollar Spot Index $USD(USDindex.FX)$The Mexican peso climbed as it fell 0.2% on Monday.
In the face of continuous pressure from within the Democratic Party, Biden had to give up his re-election campaign and withdraw from the November general election. The Japanese and South Korean stock markets opened lower, and the Australian stock market also weakened. Hong Kong stock index futures remained stable.
$Korea Composite Index(.KOSPI.KR)$
$Nikkei 225(.N225.JP)$
$S&P/ASX 200(.XJO.AU)$
$Hang Seng Index(800000.HK)$
The question facing investors is whether it is still necessary to stick to the Trump deal since Biden has given up his re-election campaign.
The market is likely to fluctuate greatly. Traders are waiting to see if He Jinli can be nominated by the party, and at the same time weigh whether she can gather enough momentum to challenge Trump's current leading position in the polls.
“People's subconscious reaction is that this is bad for the dollar, but it's still too early to draw conclusions,” said Olga Yangor, head of emerging market research and strategy at Crédit Agricole.
“This will largely depend on He Jinli's initial appearance, her choice of running partner, and swing state polls.”
On the commodities side, crude oil and gold prices rose in early trading.
Biden withdrew from the market...

Morning traders, Happy Friday, where blue screens are freezing industries like airlines and banking worldwide.
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$Tesla(TSLA.US)$ is releasing its Q2 earnings on July 23 after the bell. Unlock insights with TSLA Earnings Hub>>
For the details of indicator sentiment, please tap the link and check.
Since its Q1 earnings release, shares of $Tesla(TSLA.US)$ have seen an increase of 72.26%! How will the market react to the upcoming results? Make your guess now!
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TSM is releasing its Q2 earnings on July 18 before the bell.
For the details of indicator sentiment, please tap the link and check.
Since its Q1 earnings release, shares of $Taiwan Semiconductor(TSM.US)$ have seen an increase of 22.28%. How will the market react to the upcoming results? Make your guess now!
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● An equal share of 5,000 points: For mooers who correctly guess the price range of   $Taiwan Semiconductor(TSM.US)$'s opening...

$Broadcom(AVGO.US)$, which has soared 52% this year, will officially implement a 10-for-1 stock split plan after market close on July 12th (this Friday). This move follows $NVIDIA(NVDA.US)$, another major AI player, and has sparked market speculation.
Let's compare the recent stock trends of NVIDIA and Broadcom. From the announcement to the actual split, NVIDIA's share price jumped about 27%, and it has risen an additi...

Morning Traders! It is a scorching, humid Thursday here in JC, but our new office is cold and beautiful. The first major company produced earnings that disappointed investors; now we have to wait and see for JPMorgan's earnings on Friday if this is a sign of things to come.
My name is Kevin Travers; here are stories from the moomoo herd on Wall Street Today.
$Delta Air Lines(DAL.US)$ fell about ...

JPMorgan's options market is seeing increased volatility just days before the largest US bank report earnings, with the heaviest trading seen in call options with strike prices above the current stock price.
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