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...

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