Morning Report 26 Nov 24: Trump’s Treasury pick bolsters US and European stocks

Interest rates curb the US dollar's decline as Donald Trump’s Treasury nominee, Scott Bessant, is viewed positively by markets. Meanwhile, the prospect of a ceasefire in the Middle East has put downward pressure on oil prices, while at the same time, gold prices have fallen due to reduced safe-haven demand. In corporate news, Webjet is set to release its earnings, while Brickworks, Pilbara Minerals, and Ramsay Health will host their AGMs. Looking ahead, futures indicate solid gains for the local share market on Tuesday, while the Australian dollar consolidates amid a moderating US dollar.

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