US Election Result: What a Trump presidency might mean for your money

With Donald Trump destined to return to the White House in 2025 and Republicans on track to take the US senate, global markets have responded with a surprising jubilance.
Early gains in Asia (not China) were matched across Europe, with the FTSE All Share climbing almost 2% by 10am. The US futures markets are also buoyant - although that’s less of a surprise.
Top risers across Europe this morning

This morning has also seen a surge in the price of Bitcoin to new highs, a strengthening of the value of the dollar against foreign currencies and an upward swing in the 10-year US yield curve.
Why the market response?
Some of this morning’s responses are grounded in the reality of what a Trump presidency will mean for global markets. A commitment to the use of cryptocurrencies, for example, goes some way to explaining bitcoin’s surge. Trump’s protectionist policies around US companies and a commitment to making it harder for the US to trade with China are the driving force behind the strong US futures markets (for both US large and small caps) and a decline in Chinese stocks.
And...