Stock markets around the world took a dip yesterday as Donald Trump's victory shocked the world.
Markets in the United States, Europe and Asia all fell sharply when it began to look like a Trump victory was possible, and only stabilized slightly after stock traders viewed his victory speech as presidential.
The Dow Jones index was predicted to open with an almost 800 point drop, went back up slightly to a predicted 360 point drop and wound up opening up 55 points. S&P and Nasdaq trades were suspended briefly in the morning as well.
Internationally, the Financial Times Stock Exchange (FTSE) in London fell 147 points initially, but rebounded to go up 51 points after American stock exchangers opened without huge drops. The peso dropped 13% against the dollar, its biggest drop in more than two decades according to The Guardian, while the U.S. dollar joined the pound as weakening against other world currencies.
"A surprisingly ‘presidential’ Trump victory speech - setting the bar incredibly low for what is expected from a recently elected candidate - seems to have reassured investors," Connor Campbell, financial analyst at Spreadex, told The Guardian. He also said that a lack of vulgarity and Trump's talking about infrastructure spending kept markets from taking a Brext-esque plunge.
It was safe to invest in war, however, as weapons manufacturers BAE Systems and Northrop Grumman surged after the election:
BAE Systems, one of the biggest weapons manufacturers in the world, has seen its shares hit a record high today on that Trump victory pic.twitter.com/WlV6kY1Gfm
— Tom Knowles (@tkbeynon) November 9, 2016
— lhwtsl (@lstwhl) November 9, 2016