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, [...]
The UK trade deficit widened in September, but dipped in the first full quarter since the Brexit vote, as sterling falls showed little effect November 9, 2016 The UK’s deficit on trade in goods and services widened in September, Office of National Statistics data has shown. The gap grew by £1.5bn from August to £5.2bn, with exports decreasing by £200m and imports rising by £1.2bn. The deficit on trade in goods was £12.7bn in September 2016, widening by £1.6bn from August 2016. This widening reflected [...]
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 [...]
Why Deutsche Bank thinks the ECB is in for a tougher time following the Trump victory November 9, 2016 Donald Trump's triumph at the US elections could cause Mario Draghi some headaches, according from Deutsche Bank. In a note published early this morning, when Trump's win was clearly on the cards but not yet officially announced, the bank noted a combination of factors that could possibly be triggered by the result – a downward drag on [...]
Paddy Power paid $1m early to people who bet on Clinton, and now has forked out $4.5m to customers to backed Trump November 9, 2016 Betting firm Paddy Power are in hot water after this morning's election result. It paid out over $1m early to customers who made bets on Hillary Clinton, just after the sexual assault allegations against Donald Trump came out. Read more: Trump wins the White House Did they learn NOTHING from Brexit? Nothing is ever off the [...]
How did UK politicians react to Donald Trump’s victory? November 9, 2016 Donald Trump has won the US Presidential Election, and no one is sure how to react. The markets are down, the currency is all over the place and people have woken up in Britain confused and worried about what the future might hold for international relations. And what does this mean for the special relationship? [...]
US Presidential Election 2016: The market says a Fed rate hike is now firmly off the table after Trump’s win November 9, 2016 Before today the US Federal Reserve was on the cusp of hiking interest rates for just the second time since the 2008 financial crisis. Following Trump's shock win last night the chances of that happening are quickly evaporating. Early indications show a revision of a likely rate hike from 80 per cent down to 50 per cent. Analysts [...]
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 [...]
FTSE 100 down 144 points, FTSE 250 down 300 points after Trump wins US Presidential election November 9, 2016 The markets opened London with huge drops as Donald Trump wins the US presidential election. The FTSE 100 was down 144 points, around two per cent to 6696.3, and the FTSE 250 opened down 300 points. However, later much of it was recovered. The prospect spooked US investors, as traders move to shift stocks. Gold has risen around 4.9 per cent [...]
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, [...]