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.
The US election result prompted a global market sell-off, with stocks plunging across Asia and Europe
Seemingly, the biggest impact came from Donald Trump's emphasis on infrastructure spending in his victory speech.
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.
ADVERTISEMENT
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).
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.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Japa bid halted as Navy arrests 75 Nigerians hiding on container ships in Lagos
Comparing comprehensive vs third-party auto insurance in Nigeria
Kaduna Speaker to El-Rufai's son: Your threat won't stop us from probing your father
Makinde demolishes building where Yoruba Nation agitators operate from
APC chieftain, Lukman faults NWC for backing Ganduje over suspension
EFCC gets permission to drag ex-governor Yahaya Bello to court tomorrow
Court stops EFCC from arresting Yahaya Bello hours after agents surrounded his house
Tinubu hails Dangote's diesel price cut, expects economic boost
'Is this relevant?' - Nigerians react as Gov Adeleke signs bill for new Osun State logo
Pulse Sports
Lionel Messi's son breaks the internet after scoring five goals for Inter Miami
Naija Stars Abroad: Onyedika, Boniface, and Osimhen shine across Europe
Victor Osimhen and Tobi Amusan make list of Forbes’ 30 under 30 Class of 2024
ADVERTISEMENT