How Donald Trump’s acceptance speech halted a world market crash

Traders and company executives of 58.com and Essent Group crowd the trading floor of the New York Stock Exchange during two IPO's, Thursday, Oct. 31, 2013. (AP Photo/Ben Hider, NYSE)

Traders and company executives of 58.com and Essent Group crowd the trading floor of the New York Stock Exchange during two IPO’s, Thursday, Oct. 31, 2013. (AP Photo/Ben Hider, NYSE)

We’ll see what the American exchanges do this morning, but the world’s stock markets steadied after President-elect Donald Trump delivered a conciliatory acceptance speech in the wee hours. From Europe to Dow Jones futures to U.S. Treasuries there was an initial Brexit-like shock, but then the numbers bounced back to close to where they started.

As Kathleen Brooks, research director at City Index, told the Wall Street Journal:

“We have suffered a massive political shock, but the markets are wondering if President Trump is less of a threat to America’s economy in office, compared to what he was during the campaign,” she says. “This is a strange day, politically and financially.”

Japan’s Nikkei Index closed down more than 5 percent, but the trading day ended before Trump’s speech.

If Trump’s first speech moved markets that much, expect quite a ride in the coming days based on the tides of Washington news.

Check out our other Election Night coverage:

Get used to it: President-elect Donald Trump

Republicans hold Senate, House in red wave

How Donald Trump won Georgia, and other takeaways from a stunning night

Elated Republicans party, Democrats panic in Atlanta as Donald Trump racks up wins


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