Supporters of U.S. Democratic presidential nominee Hillary Clinton react at her election night rally in Manhattan
Republican Donald Trump stunned the world by defeating heavily favored Hillary Clinton in the race for the White House, ending eight years of Democratic rule and sending the United States on a new, uncertain path.
Following are the main developments.
Markets
The US dollar sinks and stocks plummet in market mayhem as investors face up to a shock win that could upend the global political order.
US stock index futures sink as a market that had been expecting a victory by Democrat Hillary Clinton scrambles to adjust.
Gold surges nearly 5% at one point in its biggest rally since June and oil touches multi-month lows.
The Mexican peso tumbles. Traders focus on Trump’s threats to rip up a free trade agreement with Mexico and tax money sent home by migrants to pay for building a wall on the southern US border.
Pharmaceutical stocks surge in Europe on Wednesday as Trump’s win leads investors to conclude the threat of tough action on drug pricing had receded.
Global Markets
Currency reports politics Both chambers of the US Congress are projected to remain under Republican control when they convene on January 3.
Trump’s White House victory puts a spotlight on Reince Priebus, an establishment Republican figure who emerged as a trusted adviser to the New York businessperson and helped encourage discipline in the campaign’s final weeks.
Leaders of the European Union institutions invite Trump to a summit as soon as he can schedule one, citing security and trade ties as key issues.
Nato chief says US leadership is “as important as ever” at times of new security challenges from hybrid warfare to cyber attacks to terrorism.