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.
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