Donald Trump Global stock markets close 1% up after Clinton, Obama speeches

Still, the general sentiment amongst investors seems to be one of political conciliation, relative stability and economic optimism.

  • Published:
The US election result prompted a global market sell-off, with stocks plunging across Asia and Europe play

The US election result prompted a global market sell-off, with stocks plunging across Asia and Europe

(AFP)
24/7 Live - Subscribe to the Pulse Newsletter!

After global went into a downward spiral yesterday morning following Donald Trump's emergence as the next president of the US, the global stock market rebounded to close the day 1% up.

Seemingly, the biggest impact came from Donald Trump's emphasis on infrastructure spending in his victory speech.

Donald Trump's success was rooted in profound dissatisfaction with the status quo, felt keenly in rural areas and smaller towns play

Donald Trump's success was rooted in profound dissatisfaction with the status quo, felt keenly in rural areas and smaller towns

(AFP)

 

The thought that the US government could significantly increase its spending in order to boost economic activity gave a boost to many stocks, especially in the construction and heavy equipment sectors.

ALSO READ: Dollar, global markets crash as Trump looks set to win US election

However, stocks that benefitted from foreign trade, like auto companies, suffered.

Still, the general sentiment amongst investors seems to be one of political conciliation, relative stability and economic optimism (which may or may not be justified).

The global stock market went volatile as Donald Trump was confirmed US president-elect play

The global stock market went volatile as Donald Trump was confirmed US president-elect

(Reuters)

 

Across Europe, Italy, Germany, and France have very important elections coming up over the next 12 months.

Anti-establishment candidates (like Donald Trump) in these countries have, to varying degrees, seen their popularity increase. Investors will have to consider the impact for markets of potential political "surprises" over the coming year.

Do you ever witness news or have a story that should be featured on Pulse Nigeria?
Submit your stories, pictures and videos to us now via WhatsApp: +2349055172167, Social Media @pulsenigeria247: #PulseEyewitness & DM or Email: eyewitness@pulse.ng. More information here.