European stock markets had a promising start, with London standing out. The British capital opened with an increase of 0.81%, supported by the optimism generated by American futures, which rose by 1.5% after Donald Trump’s victory in the presidential elections. Frankfurt and Paris also showed signs of growth, with gains of 0.54% and 0.5% respectively.
The dollar rallied sharply on the news of Trump’s success, trading at 0.93158 euros. The European currency had initially suffered a loss of 2.1%, but is now down 1.8%, trading at 1.0732 dollars. The dollar’s performance also had an impact on the gold market. The precious metal saw a decrease of 0.71%, currently valued at 2,724.5 dollars per ounce.
Asian stocks closed a mixed session. Wall Street futures showed significant momentum thanks to Trump’s victory. The S&P 500 and Nasdaq 100 rose more than 1.5%. Tokyo ended the day with a significant increase of 2.61%, while the yen continued to lose value in conjunction with the strengthening of the dollar. In contrast, Hong Kong recorded a decline of 2.6%, with mainland Chinese stocks showing signs of weakness: Shanghai fell by 0.35%, while Shenzhen saw a decrease of 0.27%. The oil market was also affected by the global situation: oil prices fell by more than 1%.
Markets’ reaction to Trump’s victory suggests a period of volatility as investors adjust to the coming political and economic changes. With the U.S. election continuing to shape global financial market dynamics, analysts are watching closely to assess the long-term impact on European and Asian economies.
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