Investing.com – European stock markets rose Wednesday, following the lead from Wall Street, as Republican candidate Donald Trump looked set to win the US presidential election.
At 03:02 ET (08:02 GMT), the in Germany traded 0.6% higher, the in France rose 0.7% and the in the U.K. gained 0.8%.
Trump declares election victory
Trump appears to be heading for a return to the White House after claiming victory in several key battleground states, including Pennsylvania, North Carolina and Georgia.
Indeed, the right-leaning Fox News has called a Trump victory, while the man himself has publicly declared victory even with the election yet to be officially called. Republicans are also seen having taken a majority in the Senate, raising the possibility of a Republican sweep in the 2024 elections.
This would provide Trump with a platform to enact his agenda of tax cuts which could boost Corporate America, as seen by the sharp jump in the futures contracts attached to the main Wall Street indices, even if steep tariffs and a potential global trade war under his presidency could impact European companies negatively.
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