Global markets were rocked on Wednesday by Donald Trump’s victory in the US election but recovered from their worst falls as the president-elect made conciliatory remarks in his victory speech and Wall Street opened higher. The FTSE 100 index slumped 147 points as London markets opened – a fall that was projected to be considerably bigger at more than 230 points until Trump took to the stage in New York . Trump’s remarks – more conciliatory than his campaigning talk – helped take the sting out of some of the most violent moves by the time London markets opened. Markets had started pricing in a Trump victory around 3am in London time. The Fed is unlikely to hike interest rates if we see a sharp and prolonged decline in the stock markets, on the back of a surprise Trump win.”

Source: The Guardian November 09, 2016 06:35 UTC