After Donald Trump won the US elections, the Moscow Stock Exchange index opened with a noticeable rise and reached 2712.3 points in the morning (+3.7% at the close of the session on November 5), at 14:39 Moscow time the index was 2678.6. (+2.4%). This has been reported “Vedomosti”.
Trade in Europe also started with growth: the Stoxx Europe 600 index rose 1% to 514.6 points. London’s FTSE 100 and France’s CAC 40 indexes increased by 1% each, reaching 8255.6 and 7483.3 points, respectively. German DAX rose 0.5% to 19,354.8 points. Japan’s Nikkei 225 index closed at 39,428.5 points, with a 2.2% increase, and Taiwan’s TAIEX index closed at 23,217.38 points, with a 0.5% increase.
Chinese indices decreased. Hong Kong’s Hang Seng index closed at 20,538.4 points, losing 2.2 percent, while the Shanghai Composite index closed at 3,383.8 points, losing 0.1 percent. South Korea’s KOSPI index also decreased by 0.5% to 2,563.4 points.
American indices showed growth on November 5: Dow Jones increased by 1.02% to 42221.9 points, S&P 500 increased by 1.23% to 5782.76 points, NASDAQ increased by 1.43% to 18,439.17 points. On November 6, futures for these indexes continued to rise, with the spot dollar index gaining 1.6%. While the January contract of Brent oil decreased by 1.2% to $74.6/barrel, it reached $76/barrel on November 5. Gold futures fell 1.6 percent to $2,705.6 per ounce.
According to Finam expert Natalya Malykh, Trump’s victory is perceived by the market as more profitable than the uncertainty created by his rival Kamala Harris. Trump proposes lower taxes and reindustrialization that could lead to higher interest rates, but this is perceived as a temporary evil with potential economic stimulus.
Voting for the presidential election in the USA has ended. Former White House chief Donald Trump (Republicans) and current Vice President Kamala Harris (Democrats) are running for the post. You need to get 270 delegate votes to win. According to Fox News, Trump calls minimum 277.
The politician himself is already announced see yourself as a winner. World leaders began congratulating him on his victory.
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Former residents of Kiev he was horrified Trump’s election victory.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.