Traders at their desks at Euronext Paris headquarters in the La Défense business district
The main European stock markets are in the green on Wednesday as Republican candidate and former President Donald Trump claimed victory in the race for the White House on Wednesday.
In Paris, the CAC 40 rose 1.68% to 7,539.59 points around 08:25 GMT. In London, the FTSE 100 rose by 0.86% and in Frankfurt, the Dax rose by 0.80%.
The EuroStoxx 50 index gained 1.04% and the FTSEurofirst 300 gained 1.21%. The Stoxx 600 rose by 1.48%, its gains being supported mainly by health (+2.56%), industry (+1.69%) and finance (1.25%).
Futures contracts on Wall Street predict an increase of 2.23% for the Dow Jones, 1.90% for the Standard & Poor's 500 and 1.60% for the Nasdaq.
“America has given us an unprecedented and powerful mandate,” declared Donald Trump in a speech to his supporters in his campaign headquarters in Florida while he is now credited with 266 electoral votes, compared to 219 for his Democratic rival. Kamala Harris. The Republicans have also taken control of the Senate, while suspense remains in the House of Representatives.
On the markets, the dollar and ten-year US bond yields reached a four-month high on Wednesday, with Donald Trump's economic program, which notably provides for a strengthening of customs duties, being considered inflationary, while it could worsen the United States budget deficit.
In addition to American politics, services activity in several European countries will also be followed by the markets, while on the results side, the session is marked by numerous company publications.
Crédit Agricole SA fell more than 4% after publishing its third quarter results, while Commerzbank was stable after a better-than-expected quarterly result. Unicredit, which raised its profit forecast, advanced by 2.35%.
Novo Nordisk climbs 7.37% after third quarter operating profit in line with expectations.
Marks & Spencer gained 3.57%, the British retailer having announced a 17.2% increase in its profit in the first half, better than expected.
BMW plunges 5.73% after a 61% drop in quarterly profit.
(Writing by Claude Chendjou, edited by Kate Entringer)
