Acceptance Speech: Uk Index and European Markets

acceptance speech: A measured acceptance speech from the president-elect as European markets opened soothed some of the immediate fears facing investors and the decline was arrested and then eradicated, according to The Guardian. By the close, the UK index had climbed 68.71 points, or 1%, to 6911.84. The FTSE 100 fell 147 points on Wednesday as trading got underway, but the scale of the decline was far less than the 230-point drop predicted. Germany Dax added 1.56% to 10,646 after falling as low as 10,174 while France Cac closed up 1.49%. In Italy, which holds a key referendum on constitutional reform next month amid this period of popular revolt, the FTSE MIB was virtually unchanged, down 0.1%. FTSE 100 reaction to Trump victory The European markets were helped by a positive, if mixed, performance on Wall Street, where the Dow Jones Industrial Average was around 150 points higher by the time London traders headed home. The S&P 500 rose 0.95% to a one-month high. Earlier forecasts had suggested the Dow could fall by as much as 800 points. (news.financializer.com). As reported in the news.