Donald Trump has been elected the 47th president of the United States, his victory was driven by voter concerns on the economy and immigration. Trump’s win in Wisconsin put him over the 270 threshold needed to clinch the presidency.
According to projections Trump victory is expected to boost the dollar and U.S. stock markets, with potential impacts across global markets. His pro-growth policies could drive inflation, keeping Federal Reserve rates high and supporting the dollar, though his tariff policies may weigh on global economic growth, especially in Europe and emerging markets. Equities in sectors like banking, technology, and defense may benefit from regulatory and tax cuts, but multinational corporations might suffer from increased costs due to tariffs. Meanwhile, Trump's support for oil and gas drilling may keep U.S. oil prices low, but potential sanctions on Iran could affect global supply. Emerging markets, particularly those heavily reliant on U.S. exports, face challenges, and sustainable investments may lose appeal due to Trump's likely rollback of green policies. Read more here.