Donald Trump speaks at CPAC in Washington D.C. on February 10, 2011. | Courtesy of Gage Skidmore/Wikimedia Commons

As Trump claims stunning victory, markets fluctuate and uncertainty lingers



WASHINGTON (AP) – Donald Trump claimed his place Wednesday as America’s 45th president, an astonishing victory for the celebrity businessman and political novice who capitalized on voters’ economic anxieties, took advantage of racial tensions and overcame a string of sexual assault allegations on his way to the White House.

Trump’s triumph over Hillary Clinton, not declared until well after midnight, will end eight years of Democratic dominance of the White House. He’ll govern with Congress fully under Republican control and lead a country deeply divided by his rancorous campaign against Clinton.

As he claimed victory early Wednesday morning, Trump urged Americans to “come together as one united people.”

Markets suffer, recover

The conciliatory tone of Trump’s speech helped soothe tensions in global stock markets, which had been sent tumbling just hours earlier as the likelihood of a Trump presidency grew greater.

By Wednesday, markets had recovered a large chunk of their losses despite lingering uncertainty about Trump’s policies.

Trade, immigration questions remain

Still, Trump’s campaign stances on trade and immigration leave investors and economists unclear about what to expect once the business mogul is in the White House.

During the presidential campaign, he attacked trade agreements, promising to scuttle the Trans-Pacific Partnership. Some observers say he hasn’t provided enough detail on his policy intentions for businesses to move forward with any degree of certainty.

Polling put under microscope

Trump’s surprise victory also appears to have thrown another industry into disarray: the surveying and polling business.

Most projections in the run-up to the election projected Clinton as the favorite, and this unexpected outcome is just the latest in a series of high-profile failures by predictive businesses around the world, Bloomberg reports.

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