Precious metal firms rise to the top of the FTSE 100 following Donald Trump win November 9, 2016 Precious metal producer Fresnillo has ploughed to the top of the FTSE 100 this morning after Donald Trump won the 2016 US Presidential election. Metals stock is gaining traction as investors move away from equities towards safe haven investments such as gold. Shares in Mexico-based precious metals group Fresnillo were up 9.69 per cent shortly after markets opened, [...]
Dollar still down but reverses some earlier losses against major currencies as Hillary Clinton concedes defeat to Donald Trump November 9, 2016 The dollar began to creep back against the pound, euro and the yen following Donald Trump's conciliatory first speech after being elected the 45th President of the US. The greenback has made a comeback from earlier losses (albeit slight), trading down 0.31 per cent against sterling at mid-morning at £0.8052. Shortly after 5.30am, it was 1.1 per cent [...]
Expecting the pound to soar on a Trump victory? Here’s why it’s looking flatter than you might have thought November 9, 2016 When Florida looked to leaning towards a Trump victory at around 2:30am last night the pound began to climb. The dollar – at the other end of the equation – started to slide. The dollar's slide seems to have halted for now though the pound's rise has also gone into reverse. The pound at one [...]
US Presidential election 2016: Global markets “in a bloodbath” as Donald Trump looks set for White House victory over Hillary Clinton November 9, 2016 As Donald Trump looks set to be named President of the US, analysts have issued dire warnings on global markets – with one expert describing a "bloodbath" as the election results roll in. Trump is currently leading the race for the White House with 244 electoral college votes against Hillary Clinton's 215. The Mexican peso, [...]
Asian markets slide as Donald Trump looks set for victory November 9, 2016 It's a little under two hours until the London Stock Exchange opens, but here's a hint of what might be coming: Asian markets were universally lower this morning as Donald Trump looked set for a White House victory. Hong Kong's Hang Seng index was down 2.8 per cent, at 22,261 points, while Japan's Nikkei plummeted [...]
European tech startups just got a major €1.6bn boost November 8, 2016 Brussels is launching a fresh fund to boost investment in startups across Europe which is expected to create more than a billion euros in capital ready to be put into up-and-coming technology firms. The European Commission will commit up to €400m (£357m) to the European Investment Fund's (EIF) new fund-of-funds and will look for three times more investment from institutional investors to make up to [...]
Calm before the storm: The pound is back below $1.24 on Hillary Clinton hopes, as the FTSE 100 remains flat November 8, 2016 After an encouraging beginning to the week, the pound fell below the $1.24 mark this morning as the dollar strengthened on hopes of a Hillary Clinton win in today's US Presidential election. Having peaked at $1.2439 in early trading, the pound edged into the red in the early afternoon, dropping as low as $1.2388, 0.1 [...]
Cautious hopes of Hillary Clinton win against Donald Trump lift most stock markets in Asia November 8, 2016 Most Asian stock markets rose today as Americans prepared to head to the polls and investors remained cautiously optimistic that Democratic presidential nominee Hillary Clinton will secure the White House. Modest upswings in Asian shares pushed the MSCI's broadest index of Asia-Pacific-based stock outside of Japan up 0.3 per cent. Hong Kong's Hang Seng rose [...]
Expect a Donald Trump victory to drive gold prices higher November 8, 2016 The 2016 presidential election and its likely impact on financial markets is proving incredibly difficult to call. First we have the relative outperformance of the US economy versus many other major countries to consider. Regardless of who wins, it seems as good as inevitable that US interest rates will still be rising before the year [...]
Clinton good, Trump bad: Market reaction to changing odds is too simplistic November 7, 2016 Thank goodness Britain is a nation of geniuses (or should that be genii?). Not even six months after the UK got to grips with the minutiae of EU rule-making and its enormous, surreptitiously dastardly implications for our country, we have all suddenly become experts in British Constitutional Law. We have had a lot of assistance [...]