Posted on November 11, 2024
Maersk leads the container stock retreat as energy shipping welcomes Trump back with open arms
The main stock markets in Europe and Asia rose as Donald Trump won the US presidential election, with shipping privately welcoming the 78-year-old back to the White House.
Both Frankfurt’s DAX index and London’s FTSE 100 gained more than 1%, amid what is being branded the “Trump Trade” by financial players.
In shipping specifically, stocks moved in different directions with energy-linked equities gaining ground and container stocks falling, led by AP Moller-Maersk.
