Global markets react to Trump assassination attempt

In recent news, European stocks are anticipated to open the week on a lower note following an assassination attempt on former U.S. President Donald Trump at a rally over the weekend. The FTSE index in the U.K. is expected to open 14 points lower, with Germany's DAX down 55 points, France's CAC 40 down 27 points, and Italy's FTSE MIB down 92 points. This trend mirrors the decline seen in Asia-Pacific markets due to China's GDP missing expectations and the aftermath of the assassination attempt on Trump, who sustained a minor injury and was treated at a local hospital. Following the incident, President Joe Biden addressed the nation, condemning political violence and calling for unity. Trump's campaign has initiated fundraising efforts post-assassination attempt, while Biden's campaign paused TV ads as the nation processes the attack. The shooter, identified as Crooks, was located outside the Secret Service perimeter and had explosives in his car, leading to questions about security lapses. The FBI is leading the investigation into the shooting, which experts criticized as a breakdown in security protocols. Despite the turmoil, U.S. stock futures remained relatively stable after the assassination attempt, with Dow futures rising 65 points. Trump's survival of the incident has maintained market stability, with expectations that he will remain the frontrunner for the 2024 presidential election. The upcoming Republican National Convention is set to officially nominate Trump as the Republican candidate, with markets closely watching for any potential impact on policies such as tax cuts and tariffs. Trump's victory could lead to an expansion of tax cuts and tariffs, potentially affecting inflation and interest rates, according to Morgan Stanley research. In conclusion, the attempted assassination of Donald Trump has sent ripples through global markets, with European stocks expected to open lower and U.S. stock futures showing resilience. The incident has raised concerns about security protocols and the potential impact on future policies, as Trump maintains his position as a leading candidate for the upcoming presidential election. Market stability remains a key focus amidst the evolving political landscape and economic uncertainties.