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5 Things to Know in the Market Today

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1. Donald Trump surges to stunning victory in U.S. Presidential Election
Republican candidate Donald Trump has been elected as the 45th president of the United States on Wednesday, shattering expectations for a victory by Democrat Hillary Clinton.

2. Global stocks recover from earlier losses after Trump speaks
U.S. stock index futures were well off overnight lows on Wednesday morning, trimming heavy losses after Donald Trump issued upbeat remarks in his first speech after winning the presidency.

3. Safe-haven assets pull back from highs
Safe-haven assets pulled back from their strongest levels of the session on Wednesday after U.S. President elect Donald Trump gave a victory speech in which he said he would seek common ground and not hostility, contrasting the heated words he has become famous for at campaign rallies.

4. Mexican peso crashes to all-time low
The Mexican peso collapsed to an all-time low against the U.S. dollar, after Republican Donald Trump defied predictions and beat Democratic rival Hillary Clinton to take the U.S. presidency on Wednesday.

5. December Fed rate hike odds at 76% after tumbling below 50%
Market expectations for a December rate hike by the Federal Reserve remained intact on Wednesday, after tumbling overnight amid fears over what a Trump win would mean for the U.S. economy.


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