Donald Trump Wins 47th Presidency -US Futures Up, Europe Up, Asia Mixed, Crude Falls And Dollar Strengthens

Election 2024 Update: Donald Trump won the 2024 election over his Democratic rival Kamala Harris, the Associated Press declared. In his victory speech before the election was officially called, he praised running mate JD Vance and Elon Musk’s support.

Calling it “the greatest political movement,” Trump vowed to “fix everything about our country.”

On Tuesday, November 5th, U.S. markets closed higher, led by broad gains across sectors, as economic data signaled resilience in the services sector. Investors remain wary, however, with volatility anticipated due to the tight presidential race between Trump and Harris, which will impact both bond and currency markets.

In economic data, the September U.S. trade deficit expanded to $84.4 billion, marking its highest level since April 2022 and exceeding market expectations of $84.1 billion. ISM services PMI climbed to 56 in October, its strongest level since August 2022.

The S&P 500 majority sectors ...