Briefly about the main
The unexpected results of the U.S. presidential election, according to which the 45th President of the United States was Donald trump caused a decline in Asian and European stock indices in early trading session on Wednesday. Asian equity indices ended the trading day with a decline on average by 2-4%.
The growth of the risks of an economic slowdown in developing countries has also impacted the cost of oil prices, which fell for the last day of 1.8%. Gold prices are rising on expectations that the growth of global risks force the fed to refrain from raising rates in December. The dollar DXY basket of currencies fell sharply, reflecting the outcome of the U.S. presidential race.
Macroeconomic events review
According to the results of calculations of the majority of the ballots, Donald trump became the 45th President of the United States. He was ahead of Hillary Clinton in those States where predicted her victory. At the moment, Donald trump has received 276 electoral votes, while on Tuesday, the market predicted that trump would receive the support of only 164 electors. The victory of the candidate of the Republican party was mainly obtaining most of the votes in Florida, Wisconsin and Michigan. Win Donald trump was a surprise for the market. On this background trading session on Wednesday the Asian equity indices ended the fall on average by 2-3%. In leaders of falling were shares of Japanese companies on the background of strengthening of the national currency. The market was exerted by the release of positive statistics from China, where last month the producer price index rose 1.2% yoy, exceeding analysts ‘ forecasts.
The price of Brent crude over the past day decreased by 1.8% per barrel of Brent crude, updated morning lows the last two months. In General, there was high volatility in the commodity contracts at the time of counting the votes of American voters. Also the price of oil was negatively affected by the continued increase in crude oil inventories in the United States, where, according to the American petroleum Institute, stocks of raw materials increased by 4.4 million barrels. Official statistics on changes in inventories will be published today at 18:30 GMT US Department of energy. It is projected that the growth of crude oil reserves will be 1.6 million barrels.