- Kumara gives Sri Lanka edge on rain-hit day against South Africa
- Namibia votes with ruling party facing toughest race yet
- Spurs goalkeeper Vicario out for 'months' with broken ankle
- Moscow expels German journalists, Berlin denies closing Russia TV bureau
- Spain govt defends flood response and offers new aid
- France says Netanyahu has 'immunity' from ICC warrants
- Nigerian state visit signals shift in France's Africa strategy
- Stock markets waver as traders weigh Trump tariffs, inflation
- Tens of thousands in Lebanon head home as Israel-Hezbollah truce takes hold
- Opposition candidates killed in Tanzania local election
- Amorim eyes victory in first Man Utd home game to kickstart new era
- Fresh fury as Mozambique police mow down protester
- Defeat at Liverpool could end Man City title hopes, says Gundogan
- Indonesians vote in regional election seen as test for Prabowo
- Guardiola says no intent to 'make light' of self harm in post-match comments
- New EU commission gets green light to launch defence, economy push
- Opposition figures killed as Tanzania holds local election
- Taiwan Olympic boxing champion quits event after gender questions
- European stocks drop on Trump trade war worries
- Volkswagen to sell operations in China's Xinjiang
- FA probes referee David Coote over betting claim
- Serbia gripped by TV series about murder of prime minister
- Putin seeks to shore up ties on visit to 'friendly' Kazakhstan
- New EU commission pushes for defence and economy spending
- Plastic pollution talks must speed up, chair warns
- Pakistan web controls quash dissent and potential
- 1,000 Pakistan protesters arrested in pro-Khan capital march
- ICC prosecutor seeks arrest warrant for Myanmar junta chief
- Philippine VP's bodyguards swapped out amid investigation
- EasyJet annual profit rises 40% on package holidays
- Ukraine sees influx of Western war tourists
- Greeks finally get Thessaloniki metro after two-decade wait
- New EU commission to get all clear with big push on defence and economy
- Thousands of Lebanese head home as Israel-Hezbollah truce takes hold
- Australia takes step to ban under 16s from social media
- Volkswagen says to sell operations in China's Xinjiang
- Japan prosecutor bows in apology to former death row inmate
- Thailand to return nearly 1,000 trafficked lemurs, tortoises to Madagascar
- Namibia votes with ruling party facing its toughest race yet
- Indian protest wrestler given four-year ban for avoiding dope test
- UK parliament to debate assisted dying law
- Ireland has a cultural moment, from rock and books to cinema
- South Korean capital hit by record November snowfall: weather agency
- Sinn Fein hope election will propel it to power in Ireland
- Ceasefire takes hold in Israel-Hezbollah war
- Chinese island plastic pollution turned into artistic omens
- Anti-mine treaty signatories slam US decision to send landmines to Ukraine
- Vietnamese EV maker Vinfast reports $550 million Q3 loss
- Hello Kitty owner plunges 17% on sharesale plan
- Giannis-less Bucks edge Heat, Rockets advance in NBA Cup
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Wall Street smashes records, dollar soars as Trump wins
Wall Street rallied into record territory, the dollar soared and bitcoin scaled a new peak Wednesday as the world gears up for another Donald Trump presidency.
The Republican candidate made a stunning political comeback as he defeated Vice President Kamala Harris to return to the White House, four years after losing it to Joe Biden.
The Dow jumped three percent while the S&P 500 and Nasdaq Composite added two percent in early deals.
"The rationale behind the US stock market rally is that Trump is seen as business-friendly and will be able to pass his tax cuts through easily without much resistance from the Democrats who have lost control of the Senate," said City Index and FOREX.com analyst Fawad Razaqzada.
Briefing.com analyst Patrick O'Hare said Trump's policies "which feature lower tax rates and deregulation among the cornerstones, are being heralded by the stock market as pro-growth policies that will be a boon for corporate profit growth".
But in a sign that investors are also nervous about the impact of Trump's protectionist policies, European stock markets gave up strong earlier gains to slip into the red in the afternoon.
Asian stocks diverged, with Chinese stocks hit by expectations that Trump would impose tariffs on Chinese imports.
Market focus was also on plans to stimulate China's economy, the world's second biggest after the United States.
Trump tax cuts, while good for corporate profits, are seen as inflationary and therefore leading to fewer interest-rate cuts by the Federal Reserve in the coming months.
That boosted the dollar against main rivals, with the greenback up around two percent against the euro.
The Fed announces its latest rate decision on Thursday.
"With the Federal Reserve expected to announce a likely 25 basis-point cut tomorrow, we are already seeing expectations reined in for the December meeting given the perception that Trump's policies are inherently inflationary," forecast Joshua Mahony, analyst at traders Scope Markets.
US Treasury yields also won support Wednesday.
"Investors are bracing for tariffs and a clampdown on (US) immigration, policies considered to be inflationary which are likely to mean interest rates may be more elevated in the years to come," said Susannah Streeter, head of money and markets at Hargreaves Lansdown.
She added that "expectations are high that a Trump presidency will mean fewer regulations on big tech and big finance".
Shares in Tesla soared nearly 13 percent after Trump praised the electric car maker's boss Elon Musk, a key campaign backer, as a "star" during his victory speech.
- Bitcoin record -
Bitcoin sprung $6,000 higher to a record $75,371.67, topping its previous peak of nearly $74,000 in March.
Trump has pledged to make the United States the "bitcoin and cryptocurrency capital of the world" and to put tech billionaire Musk in charge of a wide-ranging audit of governmental waste.
Elsewhere, oil prices slid "amid expectations that under Trump more crude will flow from US wells", Streeter added.
"Another Trump presidency is likely to place emphasis on energy independence and his policies are likely to favour fossil fuels, promoting deregulation in the oil, gas, and coal industries," she said.
- Key figures around 1435 GMT -
New York - Dow: UP 3.0 percent at 43,498.53 points
New York -S&P 500: UP 2.0 percent at 5,900.28
New York - Nasdaq Composite: UP 2.1 percent at 18,829.53
London - FTSE 100: UP 0.2 percent at 8,186.52
Paris - CAC 40: DOWN 0.1 percent at 7,398.15
Frankfurt - DAX: DOWN 0.5 percent at 19,154.15
Euro/dollar: DOWN at $1.0702 from $1.0930 on Tuesday
Pound/dollar: DOWN at $1.2842 from $1.3035
Dollar/yen: UP at 154.45 yen from 151.60 yen
Euro/pound: DOWN at 83.36 from 83.82 pence
Tokyo - Nikkei 225: UP 2.6 percent at 39,480.67 (close)
Hong Kong - Hang Seng Index: DOWN 2.2 percent at 20,538.38 (close)
Shanghai - Composite: DOWN 0.1 percent at 3,383.81 (close)
West Texas Intermediate: DOWN 1.8 percent at $70.70 per barrel
Brent North Sea Crude: DOWN 1.8 percent at $74.17 per barrel
burs-rl/lth
C.Meier--BTB