Some predicted a win for Trump would spook the markets but Tom Metcalf and Jack Witzig found the prospect of a businessman in the White House just helped the rich grow richer.

After pumping more money into Europe’s equities than any time in history, last year’s buyers are being burned with some of the world’s worst returns.

Wall Street stocks fell for a third successive day yesterday as investors assessed some disappointing earnings reports.

Stocks in the US have fallen broadly following drops in overseas markets as Greeks voted to reject creditor conditions for more loans, but the losses were not as steep as many had feared.

Traders are showing confidence in Mario Draghi’s ability to weaken the euro and stave off deflation, even as the initial results of a key part of the European Central Bank president’s plan fell below estimates.