The Dow Jones index closed at a record high last night, rising by 1.2%, as investors continued to bet on US president elect Donald Trump expanding the economy.

However, the technology-heavy Nasdaq fell 0.8% on concerns that Mr Trump’s immigration policies will prevent firms importing talent from overseas.

The FTSE 100 closed 84 points lower at 6,828 and Asian shares slipped back on concerns that interest rates will rise causing capital to flow out of the region.

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