On November 9, Donald J. Trump became the US President-Elect and the Republican Party has secured both houses of Congress.
Though many polls reflected a tight race, the result was a surprise for markets and the initial reaction has been volatile. Among the sharpest initial moves were a drop in the S&P futures index, and weakening in the Mexican peso versus the US dollar and rallies in assets that have traditionally performed well in periods of volatility, such as the Japanese yen, Swiss franc, US treasuries and gold.
