Donald Trump won the U.S. Presidential Election 2016, and this stunning victory had a great impact on the financial market. During the victory speech of the 45th President-elect, the global stocks recover from earlier losses. And after Trump speaks U.S. the stock futures were sharply lower on 11/9 morning after Mr Trump won the election, analysts said.
The US presidential election has a great impact on the financial market, the Trump enterprises are extremely powerful players on this financial field. So, U.S. stock index futures were well off overnight lows on November 9 morning.
The European financial market felt the shockwaves after the winning of Donald Trump alike the Asian stocks. While European shares fell at the open, Asian ones plunged. The traders in Asia were shocked as Donald Trump won the U.S. presidential election, their financial hopes and aspirations were linked to Hillary Clinton as a victor. Pretty logically that the Japan yen was up 1.7% against the U.S. dollar, and the Mexican peso collapsed to an all-time low against the U.S. dollar. The victory for Trump could destroy the Mexican economy, what a powerful Republican!
The safe-haven assets pulled back from their highest levels, e.g., gold was up by 2%, pulling back from an earlier advance of around 4.7%.
Financial market, December Fed Rate
The financial market expectations for a December rate, according to Fed Rate Monitor Tool, traders are currently pricing in around a 76% chance of a rate hike next month. Odds dropped to as low as 43% earlier as Donald Trump stunned the world by winning the U.S. presidential election.
After Trump’s victory, the dollar has been down just 0.4% on 11/9 against a basket of major currencies, after sinking nearly 2% earlier this month.
