CHIP SOMODEVILLA / Getty Images via AFP
Donald Trump speaking from West Palm Beach, November 6 in the middle of the American presidential election
UNITED STATES – Yes, but actually no. Stock markets around the world had their eyes glued to the results of the American presidential election this Wednesday, November 6, pitting Donald Trump against Kamala Harris. It was necessary to wait until the end of the morning, French time, for the real estate magnate to obtain, in confirmed AP projections, the 270 electors necessary for his return to the White House.
This did not prevent Donald Trump from claiming his victory much earlier in the morning, which was also announced by the conservative channel Fox News. This news was rather well received by the European stock markets which initially opened higher.
In the first exchanges, Paris advanced significantly (1.11%), London gained 0.86%, Frankfurt 0.82% and Milan 0.63%. But at 11 a.m., the clues started to fail as you can see in the CAC 40 chart below:
Results, in the middle of the afternoon, the European stock markets reassess Donald Trump's victory and fall into the red. Frankfurt lost 0.16% and Milan 0.91%, around 2:40 p.m. GMT. The CAC 40 is down 0.06% after having jumped more than 2% earlier in the day. London resists at +0.14%.
It must be said that the Republican candidate does not really intend to cajole the European economies. To favor American industry, Trump plans to increase customs duties from 10% to 20% on imported products. French wine, like German cars, is something to tremble about. Moreover, BMW shares also had a bad day on the markets.
A gray atmosphere is the opposite of Wall Street's leaps and bounds. The New York market jumped 3%. With the key for Donald Trump, a second victory: the action of his media group soared by more than 25% at the opening of the New York Stock Exchange. The technology sector was generally celebrating on the markets, with Tesla shares posting +13.20%.
But Donald Trump's program does not reassure everyone: according to « Committee for a responsible federal budget »a non-partisan organization cited by BFM, Donald Trump's program could increase the country's debt by 7,500 billion dollars. As a result this Wednesday, the yield on 10-year US government bonds rose to 4.48%, a high in more than four months.
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