Symbol	Name	Price		Change	%Change
DJIA	Dow Industrials	18807.88		218.19	1.17%
S& P 500	S& P 500 Index	2167.48		4.22	0.20%
NASDAQ	NASDAQ Composite	5208.80		-42.27	-0.81%

 

Dow rips to all time high as investors embrace Trump presidency

U.S. equities closed mixed on Thursday as investors repositioned their portfolios following the presidential election.

The Dow Jones industrial average hit a new all-time intraday of 18,873.6, and closed more than 200 points higher, with IBM and Goldman Sachs contributing the most gains to the tune of 34 points and 52 points, respectively.

" Equities are adjusting to change and uncertainty with a Trump presidency," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management. " There still needs to be more clarity and that' s going to impact equity prices."

Donald Trump' s victory over Democrat Hillary Clinton sent shock waves through global financial markets, with Dow futures falling more than 800 points as election results kept coming in. But Wednesday' s cash session saw a 1 percent rally, as investors and traders unwound several trades associated with a Clinton victory, particularly within the financials and health care sectors.

Market expectations for a Fed rate hike in December were around 76.3 percent Thursday afternoon, according to the CME Group' s FedWatch tool.

Japan' s Nikkei 225 rose nearly 7 percent, while European equities traded lower, with the pan-European Stoxx 600 index slipping 0.4 percent.

On the data front, weekly jobless claims totaled 254,000, below the expected 260,000. Meanwhile, St. Louis Fed President James Bullard said the central bank is still due for a single rate hike and then hold.

US crude for December delivery fell 1.35 percent, or 61 cents, to settle at $ 44.66 per barrel. Gold futures for December delivery fell $ 7.10 to settle at $ 1,266.40 per ounce.

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Symbol	Name	Price		Change	%Change
NIKKEI	NIKKEI	17082.76		831.22	5.11%
HSI	HSI	22415.19	---	UNCH	0%
ASX 200	S& P/ASX 200	5310.20		153.64	2.98%
SHANGHAI	Shanghai	3128.37	---	UNCH	0%
KOSPI	KOSPI Index	1987.73		29.35	1.50%
CNBC 100	CNBC 100 ASIA IDX	6674.58		55.54	0.84%

 

Asia markets jump at open Nikkei rockets almost 6%, ASX up near 3%

Australia' s ASX and Japan' s Nikkei soared in early trade, as traders digested the prospect of a U.S. President Donald Trump.

" Donald Trump' s presidential win will no doubt be at the center of investors' minds today with many pondering whether the incumbent president' s bite will be as extreme as his bark," Rodrigo Catril, FX strategist at National Australia Bank, said in a note on Thursday .

Japan' s Nikkei 225 opened up 1.91 percent before quickly climbing to a 5.77 percent rise, as the yen weakened against the dollar, trading at 105.83 as of 8:01 am HK / SIN. The dollar / yen had plunged to 101 levels on Wednesday.
The Australian benchmark index soared 2.97 percent, underpinned by its energy subindex, up 3.22 percent, and the materials subindex, up 5.28 percent. The gold subindex shed 6.92 percent.

New Zealand' s NZX 50 climbed 2.16 percent, after The Reserve Bank of New Zealand cut rates by 25 basis points to a record low of 1.75 before the market opened. The RBNZ statement warned that " numerous uncertainties remain, especially in respect of the international outlook, And policy may need to adapt according.

In South Korea, the Kospi gained at the open, trading up 1.51 percent before paring to trade up 1.46 percent.

On Wednesday, Asian shares, which traded as U.S. election poll results trickled in, tumbled as it became increasing apparent that Republican candidate was leading the race for the White House.

European stocks closed sharply higher, after opening with significant losses, while on Wall Street, U.S. stocks rose more than 1 percent, even though futures had plunged as the polls came in during the night in the U.S.