No market meltdown as Trump towers over the globe
- 8 years ago
US and global markets have resisted a Brexit type wipe out after Trump triumphed in the US presidential election.
Markets slip as Trump’s startling victory unnerves investors. “There is a bit of surprise, moderated panic even.” https://t.co/nED7siMRfO pic.twitter.com/eeOSQ2bL8d— Wall Street Journal (@WSJ) November 9, 2016
As the result was announced
the Dow Jones fell and S&P dropped to the five percent cutoff point.
Oil prices slipped and the Mexican peso hit a record low.
Markets received a boost after pre-election polls predicted a Clinton win, that has now been lost as Jonathan Corpina from Meridian Equity Partners explained :“We had a run-up in the market two days ago. We were up 2 percent, so this is pretty much wiping out the 2 percent that we gained two sessions ago. If we continue to see continual pressure on the market, then I’d be concerned. But at this early stage right now, I think this is just the healthy movements of our markets.”
Wall Street soars as investors see higher chance of Clinton win https://t.co/Kyqtd7DI21 pic.twitter.com/S4IuSQDTB8— Reuters Top News (@Reuters) November 7, 2016
Analysts predict that the fall out from the Trump victory will continue to wobble stocks for the next 48 hours that is what Carsten Brzeski from ING Diba expects:“For markets it is a deja-vu, it is a ‘Brexit 2,0’, and it is going to take a couple of days, maybe weeks, before they have re-digested the outcome.”
Across Europe UK’s FTSE 100 index lost 2% at the start of trading before recovering to show a gain in the afternoon.
France’s Cac index and Germany’s Dax were also positive after bouncing back from two percent losses.
Markets slip as Trump’s startling victory unnerves investors. “There is a bit of surprise, moderated panic even.” https://t.co/nED7siMRfO pic.twitter.com/eeOSQ2bL8d— Wall Street Journal (@WSJ) November 9, 2016
As the result was announced
the Dow Jones fell and S&P dropped to the five percent cutoff point.
Oil prices slipped and the Mexican peso hit a record low.
Markets received a boost after pre-election polls predicted a Clinton win, that has now been lost as Jonathan Corpina from Meridian Equity Partners explained :“We had a run-up in the market two days ago. We were up 2 percent, so this is pretty much wiping out the 2 percent that we gained two sessions ago. If we continue to see continual pressure on the market, then I’d be concerned. But at this early stage right now, I think this is just the healthy movements of our markets.”
Wall Street soars as investors see higher chance of Clinton win https://t.co/Kyqtd7DI21 pic.twitter.com/S4IuSQDTB8— Reuters Top News (@Reuters) November 7, 2016
Analysts predict that the fall out from the Trump victory will continue to wobble stocks for the next 48 hours that is what Carsten Brzeski from ING Diba expects:“For markets it is a deja-vu, it is a ‘Brexit 2,0’, and it is going to take a couple of days, maybe weeks, before they have re-digested the outcome.”
Across Europe UK’s FTSE 100 index lost 2% at the start of trading before recovering to show a gain in the afternoon.
France’s Cac index and Germany’s Dax were also positive after bouncing back from two percent losses.