DStv Channel 403 Wednesday, 06 November 2024

WATCH | Market reactions to Trump's victory

NEW YORK - The markets appear to be cheering the second rise of US President Donald Trump.

WATCH: Discussion | Voters hand Trump his second term

The Dow Jones in the United States initially jumped by nearly 3 percent and it’s still trading more than a percent higher.

So is the S and P and the tech-heavy NasDaq.

It’s a different picture locally with the All Share index down by more than one and a half percent on Wednesday.

The Rand is one and a half percent weaker against the dollar.

Chief Economist at Investec, Annabel Bishop discussed this with eNCA.

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