JEFF Posted November 9, 2016 Share Posted November 9, 2016 After their short temper tantrum... Global Markets Are Shaken, Then Stabilize, After Trump Victory By PETER S. GOODMANNOV. 8, 2016 Continue reading the main storyShare This Page Share Tweet Email More Save Continue reading the main story U.S. S.&.P. 500 U.K. F.T.S.E. 100 Japan Nikkei As the realization worked its way around the planet that Donald J. Trumpwould become the next president of the United States, global investors struggled to make sense of the financial and economic implications, putting markets on edge. American stocks were relatively calm in early trading, a respite from the wild ride in Europe and Asia. But confusion showed no signs of abating, with investors awaiting the articulation of Mr. Trump’s agenda. Global investors initially reacted as if the world had caught fire. They yanked their money from the marketplace in an unrestrained bout of selling reminiscent of the outbreak of war. They sold stocks — first in Asia, and then in Europe. They sold oil and the Mexican peso, pushing it to a record low. Continue reading the main story They even sold the American dollar, which nearly always functions as a refuge in times of chaos. Other traditional havens, like gold and the Japanese yen, rose in moves that had all the hallmarks of what traders usually describe as a flight to safety. More at link. http://www.nytimes.com/2016/11/10/business/dealbook/stock-markets-election.html Quote Link to comment Share on other sites More sharing options...
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