The New York Stock Exchange is expected to post strong gains this Wednesday, based on futures on the S&P500 (+2.2%) and the Nasdaq-100 (+1.7%), in the wake of an election whose outcome is ultimately much clearer than might have been feared on the basis of previous polls.

Although not all US states have yet given their verdict, the results at this stage leave little doubt that Donald Trump will become the 47th President in the history of the United States", point out the teams at Edmond de Rothschild AM.

"The Republicans have also secured control of the Senate, which will make it easier to appoint federal judges and heads of government agencies, including possibly J. Powell's successor as head of the Fed in 2026", they also point out.

'With election uncertainty behind us, we can expect short-term gains for US equities, cryptocurrencies and the dollar', believes Neal Keane, Head of Global Sales at ADSS.

'Trump's tax cuts and increased military spending could significantly increase sovereign debt, creating headwinds in US Treasury markets', he warns on the other hand.

The prospect of Donald Trump's return to the White House seems likely to be of particular benefit to Tesla shares, which are expected to rise by around 12% at the opening, its CEO Elon Musk having actively supported the Republican candidate.

Also in stock news, CVS Health reported adjusted EPS for its third quarter 2024 slightly more than halved, penalized by reserve charges for premium deficits in its healthcare benefits segment.

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