NEW YORK/LONDON -Donald Trump's victory in the U.S. presidential election unleashed a massive rally in the dollar, fueled a rally on Wall Street and punished bond prices as expectations of tax cuts and tariffs on imports drove optimism about economic growth along with worries about inflation.jumping 2% to a record high and huge gains in areas such as small cap stocks and banks that are poised to benefit from Trump's expected lighter regulatory touch.
"Everywhere you look, there's the thumb prints of these election results for markets," said Paul Christopher, head of global investment strategy at the The election could have far-reaching implications for tax and trade policy, as well as U.S. institutions. The outcome affects assets globally and could determine the outlook for U.S. debt, the longer-term strength of the dollar and a host of industries that make up the backbone of corporate America.Investors sold U.S.
The results meant markets gained clarity about the presidency faster than in 2020, when Joe Biden was announced the victor some four days after election night.