How do stock prices react?
Wall Street, the New York Stock Exchange, opened sharply higher on Wednesday, following Donald Trump’s victory in the US presidential election. In early trading, the Dow Jones rose 3.18%, the Nasdaq index rose 1.81% and the broader S&P 500 index rose 1.94%.
On the American stock market, the stock of the Tesla group, owned by Elon Musk, rose 12.93% before trading. The title was taken by the support shown by the billionaire for Donald Trump.
In Europe, although stock markets opened higher on Wednesday morning, they fell into the red by mid-afternoon. At around 3:40 p.m., Frankfurt fell by 0.16% and Milan by 0.91%. The CAC 40, the star index of the Paris market, fell 0.06% after having risen more than 2% earlier in the day. London resists at +0.14%.
“With the arrival of Donald Trump to the White House, European products could face significant challenges, such as [il] “He made it clear that he would impose radical tariffs”explains John Plassard, investment specialist at Mirabaud.
The Republican wants to increase them to between 10 and 20% for all products that enter the United States, and up to 60% for those from China, or even 200% for certain types of merchandise.
