As you would have learnt by now, Donald Trump has been elected president of the U.S. with the Republican Party likely retaining control of the House, and probably the Senate, in Congress.
Some key points include:
- Donald Trump's election as President bring with it a period of uncertainty which could cause further share market weakness in the short term;
- Australia and Asia generally are particularly exposed to this given the high trade exposure regionally.
- Trump's victory is a negative fort the share market and the $A in the short term;
- Interest rates will remain at the same levels for some time longer as the market digests the implications of the leadership change.