Update: Trump's victory speech halts market falls as he vows to double US growth

Won presidency over Hillary Clinton

clock • 3 min read

The FTSE 100 recovered after early losses to trade 0.2% lower in morning trading as Donald Trump's victory speech following his 2016 US Presidential Election win halted falls after he vowed to boost economic growth.

The UK blue-chip index opened 2% lower at 6,693, but quickly rebounded to 6,827 by 10.30am GMT, just 0.2% lower despite futures suggesting more pronounced falls, after Trump's (pictured) victory speech. Gold miners were among the biggest gainers in the FTSE 100, as investors poured money into the safe-haven asset, sending gold prices up 5% to $1,337. Fresnillo is topping the index with a 8.6% rise to £17.38, while Randgold Resources and Antofagasta were up 7.1% and 3.5%, respectively. This is followed by healthcare and construction stocks, which are also expected to benefit from Trump...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Regulation

Wes Streeting launches review into mental health and ADHD 'overdiagnosis'

Wes Streeting launches review into mental health and ADHD 'overdiagnosis'

Overhauling the NHS mental health system

Jaskeet Briah
clock 04 December 2025 • 4 min read
The COVER Review: Budget 25 edition

The COVER Review: Budget 25 edition

Joined by Broadstone's Brett Hill

COVER
clock 28 November 2025 • 1 min read
Budget 25: Maintaining IPT rates a missed opportunity

Budget 25: Maintaining IPT rates a missed opportunity

Rate remains at 12%

Cameron Roberts
clock 27 November 2025 • 2 min read