Wednesday, November 9, 2016

Global Equity market witness sell off

It's an historic day for the United States, but it may not be one for the markets. Global equities initially cratered on word of a Trump presidency, even triggering safety breakers on U.S. index futures, but have pared losses. Dow futures are now about 400 points lower, while the S&P and Nasdaq are down over 2%. The tone is certainly negative, but this is not a Brexit reaction. 

The Mexican peso was hit hardest, tumbling as much as 13%, while the U.S. dollar plunged against the euro, yen and Swiss franc.