Markets hit as 'wildcard' Trump triumphs over Clinton to become US President

Gold up as investors rotate into safe havens

Daniel Flynn
clock • 2 min read

Equity markets and the dollar have been hit as Republican Donald Trump beats Democratic candidate Hillary Clinton in the 2016 US Presidential Election.

Trump reached 276 electoral votes, with 270 needed to win the Presidency, with key support coming from victories in the swing states of Florida, Ohio, Iowa, and North Carolina. At the time of Trump's victory, Clinton had won 218 votes. As a result of Trump's victory, his running mate Mike Pence, 50th Governor of Indiana, will become the 48th Vice President of the United States. Meanwhile, the Republican party has won 234 out of the 435 seats in the lower Congress up for the vote, while the Democrats took just 178. This means the Republicans will once again maintain control of the H...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

FCA's Rathi addresses Autumn Budget market abuse concerns

FCA's Rathi addresses Autumn Budget market abuse concerns

Pens open letter to Treasury Committee

Isabel Baxter
clock 04 December 2025 • 2 min read
More tax, less shelter: A slow-burn Budget for savers and investors

More tax, less shelter: A slow-burn Budget for savers and investors

'The Budget documents make for sobering reading for those trying to build up their wealth'

Laith Khalaf
clock 04 December 2025 • 3 min read
OBR 'deeply regrets' early release of Budget document

OBR 'deeply regrets' early release of Budget document

Mistaken release of Budget documents forced Richard Hughes' resignation

Linus Uhlig
clock 02 December 2025 • 3 min read