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| US shares and Bitcoin hit record high on Trump win | US shares and Bitcoin hit record high on Trump win |
| (33 minutes later) | |
| US shares hit record highs on Wall Street and the dollar posted its biggest gain in eight years as Donald Trump was re-elected to the White House in a historic win. | US shares hit record highs on Wall Street and the dollar posted its biggest gain in eight years as Donald Trump was re-elected to the White House in a historic win. |
| Bitcoin has also hit an all-time high, following Trump's election promise to prioritise the volatile crypto currency. | |
| Investors are, however, betting that Trump's plan to cut taxes and raise tariffs will push up inflation and reduce the pace of interest rate cuts. | Investors are, however, betting that Trump's plan to cut taxes and raise tariffs will push up inflation and reduce the pace of interest rate cuts. |
| Higher rates for longer mean investors will get better returns on savings and investments they hold in dollars. | Higher rates for longer mean investors will get better returns on savings and investments they hold in dollars. |
| Markets and currencies around the world have shifted sharply following the US election news: | Markets and currencies around the world have shifted sharply following the US election news: |
| The major US stock indexes soared as trading opened, with banks performing particularly well | The major US stock indexes soared as trading opened, with banks performing particularly well |
| The dollar is up by about 1.75% against a host of different currencies, including the pound, euro and the Japanese yen | |
| The pound sank 1.41% against the US dollar to its lowest level since August | The pound sank 1.41% against the US dollar to its lowest level since August |
| The FTSE 100 index, comprising the largest companies listed in the UK, was up 0.1% on Wednesday afternoon | The FTSE 100 index, comprising the largest companies listed in the UK, was up 0.1% on Wednesday afternoon |
| The euro dived 2.24% against the US dollar to its lowest level since June | The euro dived 2.24% against the US dollar to its lowest level since June |
| In Japan, the benchmark Nikkei 225 stock index ended the session up by 2.6% | |
| In mainland China, the Shanghai Composite Index ended 0.1% lower, while Hong Kong's Hang Seng was down by around 2.23% | In mainland China, the Shanghai Composite Index ended 0.1% lower, while Hong Kong's Hang Seng was down by around 2.23% |
| Why is Bitcoin going up? | Why is Bitcoin going up? |
| The value of Bitcoin jumped by $6,000 (£4,645) to an all-time high of $75,371.69. | The value of Bitcoin jumped by $6,000 (£4,645) to an all-time high of $75,371.69. |
| Trump's stance on crypto stands in stark contrast with that of the Biden administration, which has led a sweeping crackdown on crypto firms. | Trump's stance on crypto stands in stark contrast with that of the Biden administration, which has led a sweeping crackdown on crypto firms. |
| During the election campaign, Trump had suggested that he could fire Gary Gensler, the chair of US regulator the Securities and Exchange Commission, who has taken legal action against several crypto firms. | During the election campaign, Trump had suggested that he could fire Gary Gensler, the chair of US regulator the Securities and Exchange Commission, who has taken legal action against several crypto firms. |
| Trump also said he plans to put billionaire Elon Musk in charge of an audit of governmental waste. | Trump also said he plans to put billionaire Elon Musk in charge of an audit of governmental waste. |
| Mr Musk has long been a proponent of cryptocurrencies and his company Tesla famously invested $1.5bn in Bitcoin in 2021, although the price of the digital currency can be very volatile. | Mr Musk has long been a proponent of cryptocurrencies and his company Tesla famously invested $1.5bn in Bitcoin in 2021, although the price of the digital currency can be very volatile. |
| Tesla's Frankfurt-listed shares rallied over 14% at the open on Wednesday. Mr Musk, Tesla's top shareholder, has supported Trump throughout his electoral campaign. | Tesla's Frankfurt-listed shares rallied over 14% at the open on Wednesday. Mr Musk, Tesla's top shareholder, has supported Trump throughout his electoral campaign. |
| Follow live election day updates as Trump wins | Follow live election day updates as Trump wins |
| Who did each state vote for? | Who did each state vote for? |
| Watch: How election night unfolded | Watch: How election night unfolded |
| Analysis: Result hands Trump free reign | Analysis: Result hands Trump free reign |
| Analysis: Why the US gave Trump a second chance | Analysis: Why the US gave Trump a second chance |
| Experts predicted a turbulent day elsewhere on financial markets, however, as a response to global uncertainty and Trump's potential plans for the economy. | Experts predicted a turbulent day elsewhere on financial markets, however, as a response to global uncertainty and Trump's potential plans for the economy. |
| US bond yields, the return a government promises to pay buyers of its debts, soared on Wednesday. | US bond yields, the return a government promises to pay buyers of its debts, soared on Wednesday. |
| A bond is essentially an IOU that can be traded in the financial markets and governments often sell bonds to investors when they want to borrow money. | A bond is essentially an IOU that can be traded in the financial markets and governments often sell bonds to investors when they want to borrow money. |
| The moves may suggest that investors think borrowing will rise under the new administration and are demanding a higher return for their money. | The moves may suggest that investors think borrowing will rise under the new administration and are demanding a higher return for their money. |
| Tariff impact | Tariff impact |
| Some economists have also warned that Trump's proposals around trade would come as a "shock" to countries around the world, including the eurozone and the UK economy. | Some economists have also warned that Trump's proposals around trade would come as a "shock" to countries around the world, including the eurozone and the UK economy. |
| Donald Trump has said he would dramatically increase trade tariffs, especially on China, if he became the next US president. | Donald Trump has said he would dramatically increase trade tariffs, especially on China, if he became the next US president. |
| Ahmet Kaya, principal economist for the National Institute of Economic and Social Research (Niesr), also said the UK could be "one of the countries most affected" under such plans. | Ahmet Kaya, principal economist for the National Institute of Economic and Social Research (Niesr), also said the UK could be "one of the countries most affected" under such plans. |
| It estimates that economic growth in the UK would slow to 0.4% in 2025, down from a forecast of 1.2%. | It estimates that economic growth in the UK would slow to 0.4% in 2025, down from a forecast of 1.2%. |
| Katrina Ell, director of economic research at Moody's Analytics said: "Trump’s global trade policies are causing particular angst in Asia, given the strong protectionist platform on which more aggressive tariffs on imports into the US have been pledged." | Katrina Ell, director of economic research at Moody's Analytics said: "Trump’s global trade policies are causing particular angst in Asia, given the strong protectionist platform on which more aggressive tariffs on imports into the US have been pledged." |
| Trump's more isolationist stance on foreign policy has also raised questions about his willingness to defend Taiwan against potential aggression from China. | Trump's more isolationist stance on foreign policy has also raised questions about his willingness to defend Taiwan against potential aggression from China. |
| The self-ruling island is a major producer of computer chips, which are crucial to the technology that drives the global economy. | The self-ruling island is a major producer of computer chips, which are crucial to the technology that drives the global economy. |
| Investors also have other key issues to focus on this week. | Investors also have other key issues to focus on this week. |
| On Thursday, the US Federal Reserve is due to announce its latest decision on interest rates. | On Thursday, the US Federal Reserve is due to announce its latest decision on interest rates. |
| Comments from the head of the central bank, Jerome Powell, will be watched closely around the world. | Comments from the head of the central bank, Jerome Powell, will be watched closely around the world. |
| Donald Trump: A remarkable life in pictures | Donald Trump: A remarkable life in pictures |
| The Trump family: A guide to an American dynasty | The Trump family: A guide to an American dynasty |
| Who is the new vice president elect JD Vance? | Who is the new vice president elect JD Vance? |
| At the scene: Jubilation in the room as Trump declared victory | At the scene: Jubilation in the room as Trump declared victory |
| Images capture high emotions as Americans react to Trump's victory | Images capture high emotions as Americans react to Trump's victory |
| North America correspondent Anthony Zurcher makes sense of the race for the White House in his twice-weekly US Election Unspun newsletter. Readers in the UK can sign up here. Those outside the UK can sign up here. | North America correspondent Anthony Zurcher makes sense of the race for the White House in his twice-weekly US Election Unspun newsletter. Readers in the UK can sign up here. Those outside the UK can sign up here. |