The US dollar started rising, the Mexican peso began falling. That could only mean one thing – that Donald Trump was set to become the next president of the United States. So it proved, with the markets factoring in a resounding Trump victory well before he appeared at his celebratory rally in Florida. Suddenly, across the world, “Trump trades” were back on again.
There had been a period when they were off the agenda, put on hold by speculators as the prospect of a Kamala Harris win hardened. Not last night. As soon as the results rolled in, strategies for currencies, equities and bonds, based on a Trump return to the White House, were hastily revisited.
They were also being revised, since his triumph was appearing more emphatic than the polls during the campaign had ever suggested. He could end up with all three levers of American might under his control: the presidency, the Senate and the House. Not to mention the Supreme Court. Come January and his formal crowning, the 47th head of the most powerful country on Earth may be able to do pretty much as he pleases.
Denne historien er fra November 07, 2024-utgaven av The Independent.
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Denne historien er fra November 07, 2024-utgaven av The Independent.
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HOT AND BOTHERED
We’ve got through Halloween and bonfire night and it’s still too warm for a heavy coat. Helen Coffey asks the experts why the weather’s been so mild and if it will ever get cold again
I'm far happier now than I was being a 'smug married'
Stacey Duguid has embraced being a divorced single mum after leaving an unhappy relationship. She ponders her past obsession with getting hitched and questions a new survey that suggests marriage staves off low mood and depression
'People say we don't care what others think - we do'
South Africa are trying to change perceptions, charismatic director of rugby Rassie Erasmus tells Harry Latham-Coyle
OXFORD SCHOLAR
Des Buckingham is loving life in charge of his hometown club after a nomadic career. He speaks to Lawrence Ostlere
Unlucky Gunners can take hope from defeat to Inter
Arsenal have traded St James’ Park for San Siro but the scoreline has stayed the same.
Markets are re-energised but not everyone's a winner
The financial world has been electrified by Trump’s election victory. Once the new president is installed, though, writes Chris Blackhurst, the implications will become much clearer
McGregor accuser feared she would die, court hears
A woman broke down in tears yesterday as she accused MMA star Conor McGregor of raping her and told a court she was fearful she would never see her daughter again while he was choking her.
'It was so fast. The next day she was found dead inside'
The mangled car in which Jorge Tarazona’s three-year-old niece and sister-in-law died in last week’s flooding in Spain now hangs halfway off the ragged edge of a highway.
Kim expects leverage for lending Putin his troops
North Korea’s leader wants cash, missile technology and food for letting thousands of his soldiers fight against Ukraine
GP jailed over 'audacious' fake Covid jab murder plot
A GP who disguised himself as a nurse and poisoned his mother’s partner with a fake Covid jab in an audacious” plot to murder him has been jailed for 31 years.
