The stock markets recover after the US vote, Milan opens higher (+0.47%)

An upward start for Piazza Affari after the vote in the American elections which assigned the majority in the Senate and House to the Democrats. The Ftse Mib began trading up by 0.47% to 50,178 points.

Asian stock markets recover from the lows recorded during the night while the outcome of the American elections, which concluded with a landslide victory for the Democrats in both the House and the Senate, reverberates its effects on the markets.

Tokyo, which fell to 4.8%, lost 2.1%, Sydney 0.6% while Hong Kong advanced by 0.8%, Shanghai by 0.7%, Shenzhen by 1.3%. After losing up to 4%, Seoul turns positive (+0.2%), a true thermometer of technology, one of the sectors considered most at risk of restrictions after the defeat of Donald Trump. Futures on Wall Street are also recovering: the Nasdaq loses 0.4% and the S&P 500 0.2%.

Gold is rising after the outcome of the American vote, with investors distancing themselves from risky assets and taking refuge in the safe haven par excellence (+2.6% to 4,007 dollars an ounce). Cryptocurrencies are weak, risking having to deal with less favorable legislation and greater skepticism from the democratic camp. Bitcoin, after losing up to 2.8% to $75,600, trades just below parity at $77,700. On the other hand, Treasuries are advancing, with yields dropping almost 3 basis points, to 4.93%, on the expectation that the stalemate between Congress and the presidency will slow down the expansion of the enormous American public debt.