Stock Markets Mixed After US Election Rally, Rate Cut

“It has been an eventful week in the markets and markets are still continuing to digest what Trump’s big victory means for the dollar and other risk assets,” said City Index and Forex.com analyst Fawad Razaqzada.

Wall Street shares mostly rose but global stock markets fell on Friday following rallies this week as investors weighed the impact of Donald Trump’s presidential election win.

The Dow and S&P 500 were up near midday but the tech-heavy Nasdaq was flat following fresh records the previous days after the US Federal Reserve trimmed US borrowing costs by 25 basis points.

The dollar gained against other major currencies while oil prices tumbled.

But Europe’s main stock markets closed in the red, with Frankfurt also digesting the collapse of the German government coalition and Paris hit by falling luxury shares.

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