Donald Trump becomes the new President elect of the United States of America

It is official, Donald Trump has become the new President elect of the United States of America, after reaching the 270 votes mark. 

Just minutes ago, Clinton called Trump to concede defeat, according to CNN, in what has become, for many senior political commentators, the most shocking political development of their lifetimes.

Trump over-delivered in key swing states consistently, while Clinton failed to perform as expected. The losses in Florida, Ohio, North Carolina, Pennsylvania, and other key states, were a burden too heavy to carry for Clinton.

Republicans also retained their majority in the House of Representatives. 

On his victory speech, Trump wished Clinton well and said, “We owe her a major debt of gratitude for her debt to our country.”

Trump added to look very forward to be the President of all Americans. 

What to expect under a Trump presidency?

On the prospects of the US economy, Philip Marey, Senior US Strategist at Rabobank, in an article published recently, suggests that Trump wants to provide the US economy with a much needed fiscal policy stimulus and the fiscal impulse will be larger and reach the economy earlier if the Republican Party indeed controls both the White House and the Congress.

Meannwhile, Research Team at Deutsche Bank, suggests that the Trump win is likely to be viewed negatively across a wide range of assets in the short-term but the range of medium-term outcomes are much wider.

On Fed rate hike prospects, Bloomberg reports that the odds on the Fed rate rise next month have plummeted to 47% vs 82%.

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