European stock futures slide on prospect of Trump presidency
None
LONDON - European stock futures fell sharply on Wednesday and were poised for their worst day since the Brexit vote in the UK as global markets were left stunned by the rising possibility of Republican candidate and political outsider Donald Trump becoming the next US President.
Futures for the Euro STOXX 50 fell 4.2 percent, and futures for the STOXX 600 were down 4.1 percent. Futures for the FTSE, DAX and CAC were down 3.3-3.9 percent lower.
Analysts said that markets had been positioned for a Clinton win, and that substantial uncertainty over Trump's policy positions and the impact of his views on areas like trade were spooking markets.
"A Trump presidency is not good news in itself: US isolationism and protectionism is bad news for trade and potentially for economic growth," said Ronny Claeys, senior strategist at KBC Asset Management in Brussels."
"We do not really know what his policies will be (his plans were too vague or too contradictory) so we have increased uncertainty."
