Market Jump: Investors Hail Trump's Treasury Pick

U. S. stocks had a major celebration on Monday, with big indexes hitting all-time peaks. Meanwhile, Asia-Pacific markets took a small dip on Tuesday, with Japan's Nikkei 225 dropping 1. 38%. Chinese and Hong Kong markets stayed steady. Investors are cheering for Scott Bessent, Donald Trump's choice for U. S. Treasury secretary. Both stock and bond markets are happy with his selection. Experts from around the globe think this pick will be good for the markets. Trump has promised to increase tariffs on Chinese imports by another 10%, according to a post on Truth Social. He also plans to hit goods from Mexico and Canada with a 25% tariff, which could end a trade deal among the three countries. Gold prices took a hit, falling around 3% to $2, 616. 80 per ounce on Tuesday. Investors are feeling brave about stocks because of Bessent's friendliness towards Wall Street and news of Israel and Hezbollah moving towards a cease-fire. Europe's stock markets haven't been doing great, but focusing on companies that might buy back their stocks has shown good results lately. Barclays listed 10 stocks with big potential for this.