Investing.com - European stock markets rose Wednesday, following the lead from Wall Street, as Republican candidate Donald Trump looked set to win the US presidential election.Trump appears to be heading for a return to the White House after claiming victory in several key battleground states, including Pennsylvania, North Carolina and Georgia.
This would provide Trump with a platform to enact his agenda of tax cuts which could boost Corporate America, as seen by the sharp jump in the futures contracts attached to the main Wall Street indices, even if steep tariffs and a potential global trade war under his presidency could impact European companies negatively.data from around the eurozone, while German industrial orders rose 4.2% on a monthly basis in September, more than the 1.5% expected.
A stronger U.S. dollar makes commodities denominated in the greenback, such as oil, more expensive for holders of other currencies, in turn curbing demand.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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