TTIP, the landmark free trade deal being negotiated between the EU and the US, is not dead despite Donald Trump winning the US presidential election, a spokesman for the German government says.

Asked at a news conference if the Transatlantic Trade and Investment Partnership was now kaput, Steffen Seibert answered succinctly: "No". 

Trump has made attacks on international trade deals, saying they have cost American jobs.  

Image source, Anna Turley

Iain Wright, chairman of Business select committee examining working practices at Sports Direct, is more than a little displeased at the apparent placing of a recording device during an unannounced visit to the firm's warehouse on Monday.

The six MPs who visited the warehouse at Shirebrook in Derbyshire say they found a miniature camera, ostensibly served up with their sandwiches, during what was supposed to be a private discussion at the end of their tour.

The Sports Direct board has questioned the "veracity" of the device found by the MPs and said it had not authorised its use. Mr Wright has now written to Sports Direct founder Mike Ashley, saying the incident was "utterly unacceptable". 

He wrote: "For an organisation in the process of reviewing its corporate governance and working practices, it is difficult to understand how a representative of the company thought that such an action would assist Sports Direct and why this action was authorised. 

"On behalf of the Select Committee I am asking you for an explanation of how and why the camera came to be placed in the room, who authorised its placing and what steps you have taken as a result." 

The European Union has raised its 2016 eurozone growth forecast to 1.7% but said growth would slow next year to 1.5%.

On the day of Donald Trump's victory, they pointed to increased global risks for the 19-country area, including the effects of Brexit.

"In these volatile and uncertain times, no effort must be spared to safeguard and strengthen this recovery - and ensure that all sections of society feel its benefits," said EU Economics Affairs Commissioner Pierre Moscovici. 

Kerry Allen
BBC Monitoring, Chinese Media Analyst

Image source, CCTV4

Chinese state-owned CCTV-4 reported the Trump victory thus: "The entire world's stock markets have crashed".

National Business Daily (a wealth-management focused paper) says that Trump "in one fell swoop subverted Wall Street's pre-judgement, and has followed in the wake of Brexit to become a "black swan" [basically a black sheep].

And independent-owned website Caixin said: "Analysts believe that Trump's economic policy will give uncertainty to the US economy and global capital markets, and in December, this will give the Fed an added layer of considerations on interest rates"

Image source, Paddy Power

The Irish bookmakers had considered a Clinton victory such a foregone conclusion they had already paid out $1m to those who had bet on Hillary.

They now have to fork out further millions to backers of the victorious Trump, in what is their biggest political pay out ever. 

Dominic O'Connell
Business Presenter, BBC Radio 4 Today programme

Image source, Getty Images

More from Dominic O'Connell on Trump's win:

Grasping the reality, as the muted stock market reaction in the UK shows, is difficult. Trump may carry out his threat to weaken ties with NATO, meaning a bet on shares of defence companies like BAE Systems is a good one. 

A NATO without American back-up would probably mean Britain and other countries having to spend more on weapons. Mr Trump may also make good on his promise to bring in tariffs against imports from cheap competitors like China and Mexico, meaning selling shares in shipping companies is probably a good call. But analysts making those recommendations to their institutional clients will do so with little conviction. They cannot say they know what Trump will do when he takes office on 20 January.

There is one reference point from which to navigate. Trump has been extremely critical of the US Federal Reserve and the low interest-rate policy the central bank has pursued, at one stage accusing chair Janet Yellen of being politically motivated in favour of Hillary Clinton.  

The incoming president cannot sack Mrs Yellen, but she might resign. That would mean the interest rate rise expected in December is off for the time being, and that any expectation of a UK rate increase in the near term is also on hold.

In the longer term, rate expectations may have to be completely revisited. Mr Trump has hinted that he would like a more hawkish Fed chairman, meaning US interest (and eventually world) rates would rise much further and faster than anyone would have thought likely a few days ago.

Dominic O'Connell
Business Presenter, BBC Radio 4 Today programme

Image source, Getty Images

Brexit, at least, meant Brexit. Trump means – what exactly? Markets were able to fasten onto a single development after the UK’s June vote to leave the European Union and react accordingly. Donald Trump’s victory in the presidential election, however, is more confusing. 

He is seen as the anti-globalisation candidate, yet has benefited greatly from breadth and depth of international capital markets, most notably in the early 1990s when his property, casinos and airlines empire was tottering on the brink of bankruptcy and was saved by three Japanese banks -  Mitsubishi Trust, Sumitomo Bank and Dai-Ichi Kangyo.

Mr Trump has said he will bring jobs back to the rust belt, without any concrete plan on how decades of a swift-running competitive tide that has taken away that employment will be reversed. The president-elect says the US economy will grow by 5% to 6% a year, yet no economist thinks it can do more than 2%. He has at various times said that he will either repudiate or renegotiate the national debt - a move that at face value has the potential to crash the world economy.

Yields on 10-year UK government bonds, or gilts, are up 3 basis points to 1.26% today. The German equivalent is down 2 basis points to 0.16% - reflecting their safe haven status - while US 10-year notes are up a significant 19 basis points to 1.91%

Three hours into the trading day and the FTSE 100 in London is now down 0.4%, while Paris and Frankfurt are still about 1.2% lower, and Madrid and Milan are off just over 2%.

Kathleen Brooks, research director at Forex.com, says Donald Trump "definitely sounded more presidential than he has done at any stage during the election campaign'' during his victory speech, in which he praised Hillary Clinton. That speech helped soothe stressed markets, she says. 

Image source, Getty Images

Sir Martin Sorrell, chief executive of WPP, says Donald Trump's win was "effectively a second Brexit that leaves many very surprised, including the markets and me.  

"It's going to take a significant amount of time to assess the implications beyond the short term.

"Increased levels of uncertainty will mean more hesitation to make important decisions in the short term, both by people and governments. But it may accelerate implementation of helpful reforms in the medium term to reduce uncertainty and stimulate investment as a result. 

"Clearly immigration, trade and terrorism were key issues that swayed electoral opinion in a very significant way, just as they did in the UK, and probably will in the European referenda and elections to come."

Sir Martin, 71, also tells the world he became a father again on Tuesday: "Baby Sorrell was born on election day in New York. A welcome to a rollercoaster world."

Russian President Vladimir Putin said Russia was ready to fully restore relations with the United States following Donald Trump's election. 

Receiving credentials from new foreign ambassadors to Russia, Putin said he had heard Mr Trump's campaign statements about improving ties with Moscow. 

He said Russia was ready do its part to achieve this but recognised it would not be easy, adding that better relations would benefit both Russia and the US. 

Foreign secretary Boris Johnson has been a bit more enthusiastic however:

BBC Europe editor Katya Adler tweets:

Image source, Getty Images

Neil Wilson, market analyst at ETX Capital, says pharmaceutical stocks and miners are enjoying some decent gains on the London market, as is Ashstead and CRH, which are both set to benefit if Trump opens the spending taps.

Image source, Century

Shares in a Philippine property firm that is building a skyscraper with Donald Trump have jumped 20% today in Manila despite the bourse falling 2.5%.

The 57-storey luxury apartment building, dubbed "Trump Tower Philippines", is a joint venture between Century Properties and the Trump Organization, according to the company website. 

"I've always loved the Philippines. I think it's just a special place and Manila is one of Asia's most spectacular cities. I know that this project will be second to none," the website quotes Mr Trump, external as saying. 

The building, which features a “peeled façade” design, is due to welcome its first residents before the end of the year.

Image source, Getty Images

German vice-chancellor Sigmar Gabriel said Donald Trump's win was a warning for both Germany and Europe, urging policymakers to listen more closely to voters' concerns. 

"Trump is the pioneer of a new authoritarian and chauvinist international movement. He is also a warning for us," he said. "Our country and Europe must change if we want to counter the authoritarian international movement." 

CapX, the news site founded by free market think tank the Centre for Policy Studies, tweets: