Wall Street, the New York Stock Exchange, opened sharply higher on Wednesday, after Donald Trump’s victory in the American presidential election. In early trading, the Dow Jones rose 3.18%, the Nasdaq index rose 1.81% and the broader S&P 500 index rose 1.94%.
On the American stock market, the share of the Tesla group, owned by Elon Musk, climbed 12.93% before market trading. The title was carried by the support shown by the billionaire for Donald Trump.
In Europe, while the stock markets opened higher on Wednesday morning, they fell into the red in the middle of the afternoon. Around 3:40 p.m., Frankfurt dropped 0.16% and Milan 0.91%. The CAC 40, the star index of the Parisian market, is down 0.06% after having jumped by more than 2% earlier in the day. London resists at + 0.14%.
“With the arrival of Donald Trump in the White House, European products could face significant challenges, as [il] made it clear he would impose sweeping tariffs”explains John Plassard, investment specialist for Mirabaud.
The Republican wants to increase them to between 10 and 20% for all products entering the United States, and up to 60% for those coming from China, or even 200% for certain types of goods.
