Donald Trump’s victory in the U.S. presidential elections is providing a tailwind to risk assets. But Wednesday's frenzy could have been a relief rally too.
Republican presidential nominee and former U.S. President Donald Trump speaks at a campaign rally at Santander Arena in Reading, Pennsylvania, U.S., November 4, 2024.This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe, according to NBC News.
Investors' expectations on those fronts have already boosted the stock market. The Trump rally, in short, has begun. Bank shares jumped on the back of prospective looser regulation in the sector, with many seeing double-digit rises., which surged 14.8%, is an exception. CEO Elon Musk has been a strong supporter of Trump, and investors appear to think this relationship could be an asset to the company."A decisive win removes the overhang of an unclear or a contested outcome.
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