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

CII launches advisory board

CII launches advisory board

Professional communities

Cameron Roberts
clock 22 June 2026 • 2 min read
Starmer resigns with new leader expected by September

Starmer resigns with new leader expected by September

Burnham rumoured to have deep support within party

Jen Frost
clock 22 June 2026 • 1 min read
UK labour market sees dip

UK labour market sees dip

Long-term sick on the rise

Cristian Angeloni
clock 19 June 2026 • 3 min read