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Headline Roundup November 6th, 2024

Reactions to the Election Results Across the Globe

Summary from the AllSides News Team

After Donald Trump was projected to win the U.S. presidency, world leaders called to congratulate him, and global markets reacted. 

Key Quotes: 

  • “I am looking forward to personally congratulating President Trump and discussing ways to strengthen Ukraine’s strategic partnership with the United States,” Ukrainian President Zelensky said. 
  • “This opens up new opportunities for resetting relations between Russia and the United States,” said Kirill Dmitriev, CEO of Russia’s sovereign wealth fund. Though Putin himself did not comment, he congratulated Trump through mutual friends according to a report.
  • Israeli Prime Minister Benjamin Netanyahu was one of the first to call and congratulate Trump. They reportedly "agreed to work together for Israel's security."
  • Hungary's Viktor Orban also congratulated Trump on  "the biggest comeback in US political history." 
  • Chinese foreign ministry spokesperson Mao Ning said,  "We will continue to view and handle China-U.S. relations in accordance with the principles of mutual respect, peaceful coexistence and cooperation for win-win." 

Markets: All three major indexes hit record highs. Bitcoin, the dollar, and Treasury yields shot up, as did Tesla stock. 

Featured Coverage of this Story

From the Right
Ukraine’s Zelensky congratulates Trump on victory after president-elect vows to ‘stop wars’
Ukraine’s Zelensky congratulates Trump on victory after president-elect vows to ‘stop wars’

ZUMAPRESS.com

News

Ukrainian President Volodymyr Zelensky congratulated Donald Trump on his election win Wednesday — after the former president vowed to “stop wars” in his victory speech.

“Congratulations to @realDonaldTrump on his impressive election victory!” Zelensky wrote on X. “We look forward to an era of a strong United States of America under President Trump’s decisive leadership.”

The Ukrainian lead said he spoke with Trump, 78, back in September to outline his “Victory Plan” in the war against Russia, hoping that Trump’s “peace through strength” policy will help end Moscow’s aggression.

Open on New York Post (News)
From the Left
Foreign leaders and governments react as Trump wins 2024 U.S. presidential election
News

With former President Donald Trump set to reprise his role as the commander in chief of the world's most powerful military and largest economy — and with him wasting no time in claiming victory in the U.S. presidential election — leaders around the world started reacting Wednesday to the reality of a second term in the White House for the businessman-turned politician.

From enthusiasm voiced by Israel's leader as he wages an expanding, multi-front war to anxiety from some of America's closest, generations-old European allies, the reaction to Trump's election performance started rolling in...

Open on CBS News (Online)
From the Center
What’s Driving the Strong Market Reaction to Trump Win
What’s Driving the Strong Market Reaction to Trump Win

Photo: Chip Somodevilla/Getty Images

News

Markets are clear about what Donald Trump plans for his return to the White House: Stocks are up, the dollar and Treasury yields soared, and so did banks and bitcoin. 

All are easy to fit to Trump’s promises. Corporate tax cuts almost automatically boost stocks, tariffs almost automatically mean a stronger currency, bigger deficits mean higher bond yields and easier regulation helps bank stocks and bitcoin.

Whether this knee-jerk reaction proves right in the longer run is another matter.

Open on Wall Street Journal (News)
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