The Associated Press agency reported that the former president secured North Carolina, Georgia and Pennsylvania, three key states. Results for Arizona, Wisconsin, Nevada and Michigan are still unclear.
The contracts of Nasdaq 100, predominantly technological (NQ=F), and S&P 500 futures (ES=F) increased by around 1.9% and 2.3%, respectively. The Dow Jones Industrial Average futures (YM=F) rose about 2.6%, boosted by a positive day for stocks.
Meanwhile, the fFutures linked to the 10-year Treasury note (10Y=F) rose more than 12 basis points to be around 4.4%. All states have already closed their respective voting centers. So far, the AP estimates that Trump has secured 267 electoral college votes, while Harris has secured 224.
The rise of the US currency began after the first signs of a Republican victory in Georgia and continued to gain pace, with the dollar index hitting four-month highs. Markets had become uneasy about the possibility that the United States’ southern neighbor would face trade barriers under a possible Trump presidency.
In addition to the presidential election, Republicans have also taken back the Senate. Control of the House of Representatives remains uncertain. The 10-year Treasury yield continues to rise as investors bet on a faster pace of inflation under new Trump tariffs and a slower pace of rate cuts by the Federal Reserve.
The reaction of the Mexican peso after Donald Trump’s victory
He mexican peso It sank this Wednesday to its weakest level in more than two years, after Donald Trump’s victory. The peso falls to 20.8038 per dollar for the first time since August 2022, more than 3% below its previous close, the biggest such drop since the summer’s Mexican elections roiled domestic assets. While emerging market currencies They generally suffered in the face of a rising dollar.
“The Mexican peso has been hit hard,” said Chris Turner, global head of markets at ING. “High volatility is also undermining the carry trade and it is difficult to rule out a move to 22.00 in the coming weeks.” After Trump’s presidential victory in 2016, the peso plummeted around 8.5% against the dollar, to then-historic lows.
Source: Ambito
I’m a recent graduate of the University of Missouri with a degree in journalism. I started working as a news reporter for 24 Hours World about two years ago, and I’ve been writing articles ever since. My main focus is automotive news, but I’ve also written about politics, lifestyle, and entertainment.
