Republican nominee Donald Trump has today upset global markets by winning a historic election race to become the 45th US President elect. Polling in the US on Wednesday had Democrat candidate nominee Hillary Clinton holding onto a small but sustained lead. Overnight voting across the US sharply corrected that lead to put the Republican candidate nearly 20% out in front. Wednesday trading saw stock markets tentatively pricing in a Clinton victory are now rushing to correct this position with US stock markets, the Mexican peso and the Japanese Nikki 225 falling sharply. The Republican party has also taken majority control of both the Senate and Congress which will prove instrumental in enabling the president to push through legislation. Markets are expected to experience a significant amount of volatility over the short term in reaction to this truly historic vote.
NEXT ARTICLE
UK’s growth path mapped out in Autumn Statement
UK’s growth path mapped out in Autumn Statement