(AOF) – European markets increase their gains as Donald Trump declared himself victorious. The CAC 40 now gains 1.99% to 7544.91 points. Only 3 stocks in the index are down, including Crédit Agricole which published its third quarter results. Not only should the former Republican president return to the White House, but his victory looks clear. The worst-case scenario of a narrow victory for one or the other of the candidates, which would have been contested by the other side, is ruled out. The Republicans also obtained a majority in the Senate.
Futures on American indices are trending very well and the euro is falling sharply against the dollar.
On the Parisian market, oil stocks are particularly sought after despite the decline in oil prices. Viridien and Vallourec show the two strongest increases in the SBF 120 index. Donald Trump openly defends the idea of producing more oil and gas to meet needs, which requires increased investment in the sector.
Defense-related stocks are also doing well, including Dassault Aviation and Thales. If the United States abandons NATO, European countries will have to significantly increase their military spending.
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