How Donald Trump's acceptance speech halted a world market crash

We'll see what the American exchanges do this morning, but the world's stock markets steadied after President-elect Donald Trump delivered a conciliatory acceptance speech in the wee hours. From Europe to Dow Jones futures to U.S. Treasuries there was an initial Brexit-like shock, but then the numbers bounced back to close to where they started.

As Kathleen Brooks, research director at City Index, told the Wall Street Journal:

"We have suffered a massive political shock, but the markets are wondering if President Trump is less of a threat to America’s economy in office, compared to what he was during the campaign," she says. "This is a strange day, politically and financially."

Japan's Nikkei Index closed down more than 5 percent, but the trading day ended before Trump's speech.

If Trump's first speech moved markets that much, expect quite a ride in the coming days based on the tides of Washington news.

Check out our other Election Night coverage:

Get used to it: President-elect Donald Trump

Republicans hold Senate, House in red wave

How Donald Trump won Georgia, and other takeaways from a stunning night

Elated Republicans party, Democrats panic in Atlanta as Donald Trump racks up wins

Support real journalism. Support local journalism. Subscribe to The Atlanta Journal-Constitution today. See offers.

Your subscription to the Atlanta Journal-Constitution funds in-depth reporting and investigations that keep you informed. Thank you for supporting real journalism.

About the Author