Returning US president has promised protectionist trade measures, relaxed regulation and cheaper energy for consumers

Donald Trump’s victory in the US presidential election left investors and business leaders across the globe scrambling to assess what his return to the White House will mean.

Stock markets, the dollar and bitcoin rallied in the immediate aftermath of his win, while shares in defence companies, prison operators and Elon Musk’s Tesla rose sharply. Meanwhile, renewable energy companies’ and German carmakers’ stocks fell. Here, we study the outlook for key industries.