Donald Trump has won the 2024 US Presidential election, securing a second term in the White House.
Trump has achieved an unprecedented return to power, becoming the 47th President of the United States.
His victory marks a remarkable comeback after refusing to concede defeat in 2020, inciting the January 6th Capitol riot, facing felony convictions, and surviving two assassination attempts.
With 277 electoral votes secured, Trump addressed a jubilant crowd in Florida, declaring, “America has given us an unprecedented and powerful mandate.”
Trump specifically acknowledged Elon Musk, who contributed an estimated $120 million to the campaign, indicating plans to appoint Musk to lead a government efficiency commission.
Also read | Three reasons Trump’s potential return to the White House could be historic
International congratulations pour in for Trump
World leaders swiftly congratulated Trump on his victory.
British Prime Minister Keir Starmer hailed the “historic election victory” and affirmed the enduring strength of the UK-US special relationship, emphasizing shared values and areas of collaboration.
As the closest of allies, we stand shoulder to shoulder in defence of our shared values of freedom, democracy and enterprise.
Congratulations President-elect @realDonaldTrump on your historic election victory.
I look forward to working with you in the years ahead.
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Italian Prime Minister Giorgia Meloni offered “most sincere congratulations,” highlighting the strong alliance and historic friendship between Italy and the United States.
On behalf of myself and the Italian Government, my most sincere congratulations to the President-elect of the United States, Donald Trump. Italy and the United States are “sister” nations, linked by an unshakable alliance, common values, and a historic friendship. It is a strategic bond, which I am sure we will now strengthen even further. Good work Mr. President.
Indian Prime Minister Narendra Modi extended “heartiest congratulations,” expressing his desire to further strengthen the India-US Comprehensive Global and Strategic Partnership and work together for global peace, stability, and prosperity.
Heartiest congratulations my friend @realDonaldTrump on your historic election victory. As you build on the successes of your previous term, I look forward to renewing our collaboration to further strengthen the India-US Comprehensive Global and Strategic Partnership. Together,…
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Ukrainian President Volodymyr Zelenskyy congratulated Trump on his “impressive election victory,” recalling their previous meeting and expressing optimism for continued strategic partnership between Ukraine and the US, particularly focusing on the “peace through strength” approach to end Russian aggression.
I appreciate President Trump’s commitment to the “peace through strength” approach in global affairs. This is exactly the principle that can practically bring just peace in Ukraine closer. I am hopeful that we will put it into action together.
Congratulations to @realDonaldTrump on his impressive election victory!
I recall our great meeting with President Trump back in September, when we discussed in detail the Ukraine-U.S. strategic partnership, the Victory Plan, and ways to put an end to Russian aggression against…
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French President Emmanuel Macron expressed readiness to collaborate with Trump, as they had during his previous term, emphasizing shared respect, ambition, and the pursuit of peace and prosperity.
Congratulations, President @realDonaldTrump. Ready to work together as we did for four years. With your convictions and mine. With respect and ambition. For more peace and prosperity.
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Israeli Prime Minister Benjamin Netanyahu celebrated Trump’s “historic comeback,” viewing it as a “new beginning for America” and a reaffirmation of the strong alliance between Israel and America.
Dear Donald and Melania Trump,
Congratulations on history’s greatest comeback!
Your historic return to the White House offers a new beginning for America and a powerful recommitment to the great alliance between Israel and America.
This is a huge victory!
In true friendship,…
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European Commission President Ursula von der Leyen also looked forward to renewed collaboration, highlighting the deep partnership between the EU and the US, despite past trade tensions over steel and aluminum tariffs.
Hungary’s Prime Minister extended his congratulations to Donald Trump, calling his victory “the biggest comeback in US political history.”
He praised Trump’s achievement as an “enormous win” and described it as a much-needed triumph not only for America but for the world.
The biggest comeback in US political history! Congratulations to President @realDonaldTrump on his enormous win. A much needed victory for the World!
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Also read | Donald Trump declares victory, thanks supporters, Musk, outlines policy priorities in speech
How investors should navigate market volatility
The 2024 US election and Federal Reserve meeting are creating a volatile market environment, prompting investors to seek stable investment strategies.
Vested Finance CEO Viram Shah, in an interview with Financial Express Online, offers insights on navigating this uncertainty.
While elections typically induce short-term market fluctuations, historical data shows volatility tends to subside after results are confirmed.
Regardless of the victor, markets quickly refocus on fundamental factors.
The Fed’s monetary policy decisions, however, exert a more lasting impact, influencing inflation control and economic stability.
Since 1984, only the 2000 election year saw lower stock performance 12 months later.
On average, stock markets tend to rise in the year following elections, indicating that while elections cause short-term shifts, long-term market drivers remain rooted in fundamentals such as Fed policy, corporate earnings, and overall economic conditions.
Shah advises investors to prioritize these fundamentals over short-term political developments.
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