Donald Trump will be the next President of the United States. The markets reacted to this on Wednesday. On the US stock exchanges, stock prices rose while bond prices fell. In Germany and Europe it was the other way around. The dollar appreciated noticeably, especially against the euro. “The markets like the election result,” said Paul Jackson, head of asset allocation research at American investment firm Invesco. Historically, the US stock markets in particular have always performed above average in the year following elections. And with the Fed cutting interest rates and an economy that appears to be headed for a soft landing, things are actually looking pretty good.
