1. According to the Associated Press forecast, Republican presidential candidate Trump won Alabama, Mississippi, South Carolina, Oklahoma, Florida and Tennessee with a total of 95 electoral votes. Democratic candidate Harris won Massachusetts, Connecticut, Maryland, Rhode Island and Washington D.C., totaling 35 electoral votes.
2. According to Edison Research: In the key state of Georgia where an estimated 32.3% of the vote has been counted so far; results show former U.S President Trump received 55.6% support while Vice President Harris received 43.9%.
3. Media predicts that West Virginia Governor Jim Justice has won the senatorial race in his state securing a crucial seat for Republicans.
Market Impact:
1.Trump Media Technology Group (DJT.O) shares surged by as much as 30% after hours on US stock markets while Tesla (TSLA.O) also rose more than 4%.
2.Spot gold briefly fell $7 to $2735.58 per ounce; The dollar index DXY broke above 104 causing non-US currencies to generally fall; USD/JPY broke above152; Yield on US Treasury bonds due in thirty years increased by ten basis points.
3.The FTSE China A50 futures opened down by .6%. Futures for all three major US stock indices were up.
Market Analysis:
1.Forexlive analyst Adam Button stated that exit polls are favorable for Trump who is making a comeback.
2.Kumiko Ishikawa from Sony Financial Group suggested that speculation about the outcome of the U.S Presidential election could cause significant fluctuations in USD/JPY on Wednesday.
3.ANZ Bank: Trump's policies are neutral to slightly bullish for oil market.
(Continuously updating...)