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

April IHT receipts down but net widens

April IHT receipts down but net widens

11 months from pensions falling within IHT scope

Jen Frost
clock 22 May 2026 • 3 min read
IPT collects £499m in April 2026

IPT collects £499m in April 2026

Lowest level for April in four years

Jaskeet Briah
clock 22 May 2026 • 2 min read
UK inflation down to 2.8% to give 'breathing space' to Bank of England

UK inflation down to 2.8% to give 'breathing space' to Bank of England

Core CPI up by 2.5%

Jaskeet Briah
clock 20 May 2026 • 1 min read