The stock markets recover after the US vote, futures on Wall Street eliminate the declines

Futures on Wall Street eliminate the declines, with the Dow Jones turning in positive territory (+0.06%) while the Nasdaq, where the weight of technology is greater, reduces the decline to 0.3%, with the above-expected results of AMD and Super Micro Computer acting as a counterweight to the outcome of the American vote.

The stock markets are recovering almost everywhere after the overwhelming victory of the Democrats reverberated on the markets, raising fears of a collapse in the price lists, particularly in the technology sector. The conciliatory message from the American president, Donald Trump, who said he was willing to accept the election outcome and collaborate with the Republicans, contributed to fueling the recovery of the stock markets, while the positive 'sentiment' of the market also benefits from the easing of the threat of escalation in Iran.

“The Blue Wave itself may not have been a surprise but the magnitude of the victory is what caught markets off guard,” Chris Weston, head of research at Pepperstone, told Bloomberg. “The initial reaction was a strong re-pricing of risk, with investors struggling to correctly value sectors exposed to government policy.”

Tokyo, which is also affected by the strengthening of the yen against the dollar, now falls by 1.4%, Seoul, a true proxy for securities linked to artificial intelligence, rises by 0.6%, Hong Kong by 1.2% while the Chinese stock markets soar with Shanghai rising by 1.9% and Shenzhen by 3.4%. Futures on Europe are also recovering from the morning's lows: those on the Euro Stoxx 50 and on the Dax in Frankfurt lose 0.2% while those on the Ftse 100 in London lose 0.4%.