Trump Wins Presidential Election and Returns to the White House Amid Republican Momentum and Market Rally
Donald Trump, 78 years old, has won the U.S. presidential election, becoming the 47th president, defeating Kamala Harris and returning to the White House with broad support from his Republican Party. Trump surpassed the 270 electoral votes threshold and garnered over 71 million votes in the popular vote.
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He preempted the results by declaring his victory in a speech to his supporters,
and many world leaders congratulated him on his “historic” win.
Meanwhile, Republicans secured a majority in the Senate and remain ahead in the House of Representatives race,
strengthening support for Trump’s plans and policies, especially on issues like immigration and tariffs.
The U.S. markets are heading toward strong performance, with futures contracts pointing to record levels for stocks driven by optimism over Trump’s victory.
The U.S. dollar also posted its largest daily gains in eight years, with the dollar index rising by 1.83% to 105.373 points.
Other currencies, including the Swiss franc, euro, and British pound, fell against the dollar.
Despite this, the markets await the Federal Reserve’s decision on a potential 25 basis point interest rate cut,
which will be announced at the conclusion of its meeting continuing through Thursday.
Trump Wins Presidential Election and Returns to the White House