Donald Trump has been elected as the 47th President of the United States, securing 277 Electoral College votes, according to reports by international media. The victory was bolstered by a decisive win in Wisconsin, as well as leads in several swing states including North Carolina, Pennsylvania, and Georgia. With JD Vance as his Vice President, Trump’s campaign focused on promises to reform the federal government and take action against political adversaries. Democratic candidate Kamala Harris fell short with 224 Electoral College votes.
Trump’s victory saw immediate reactions from the financial markets. Futures on the Dow and S&P 500 rose over 2% following the news, while cryptocurrency markets also surged, with Bitcoin and Ether gaining over 7%. Meanwhile, European markets responded cautiously due to Trump’s stance on stricter trade policies and potential tariffs that could impact EU exports. EURO STOXX 50 and German DAX futures both dropped slightly, though European leaders have expressed a willingness to collaborate.
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World leaders, including India’s Narendra Modi, Israel’s Benjamin Netanyahu, and France’s Emmanuel Macron, extended their congratulations to Trump. European leaders and Ukraine’s President Volodymyr Zelensky also acknowledged the victory, signalling a diplomatic commitment to future cooperation despite potential trade tensions.
