The S&P 500 and the Dow are clinching their best week of the year in the wake of former President Trump’s secured return to the White House, and the prospect of looser regulation and tax cuts. Cryptocurrency Bitcoin follows suit, soaring above $80,000 as the Trump trade takes hold. This as the President-elect is confirmed to have won Arizona, completing a clean sweep of all the battleground states, with Republicans now closing in on control of the House. Meanwhile, Chinese consumer inflation hits its lowest level in four months as factory gate deflation deepens, despite China’s new set of stepped-up stimulus measures. In Germany, Chancellor Olaf Scholz says he’s open to moving up a parliamentary confidence vote, potentially paving the way for snap elections sooner rather than later, following the collapse of the nation’s three-way coalition.

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