US Presidential Election Result

The US votes for radical change

Donald Trump has narrowly won the US Presidential Election. Financial Markets are likely to respond over the coming days with substantially diminished risk appetite. The Republican party has also held on to the Senate majority and the House of Representatives giving them a clean sweep of the executive bodies that control US Policy. That said, we believe that Congress remains fiscally conservative, so Trump might have to water down some of his tax cutting proposals. What Trump does on trade policy remains the great unknown, and potentially the biggest worry for financial markets.

The complete studie can be found here.

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For additional information:
Steven Trypsteen, Economist, +32 2 5473379, steven.trypsteen@ing.be