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The former Ukip leader said Donald Trump’s election win had instilled confidence in traders resulting in the Dow Jones hitting its highest ever intra-trading level of 19,987.63. He said stocks jumping to record levels on Tuesday was down to the Republican candidate not being a “career politician” and his “wise” cabinet appointments. “Well of course, it’s the Trump rally,” Mr Farage told Fox Business. “Firstly, you’ve got an American president who is not part of the political swamp in Washington, he’s not a career politician, he’s actually worked in business.

GETTY•FOX BUSINESS Nigel Farage has hailed Donald Trump's election win for the Dow Jones boom

You’ve got an American president who is not part of the political swamp in Washington, he’s not a career politician, he’s actually worked in business Nigel Farage

“Secondly, he’s making big appointments and I think very wise appointments of people, to financial jobs, who’ve actually worked in the real world and not just been lobbyists and politicians in Washington – they’ve been out there and made money and profits.” He went on to predict that American businesses were reacting to Mr Trump’s pledge to reduce corporation tax from 35 per cent to 15 per cent. Mr Farage said: “I think corporate America now has a feeling that the completely outdated 35 per cent corporation tax will disappear under President Donald J Trump.

Trump's Cabinet Picks Tue, December 13, 2016 President-elect Donald J. Trump has began announcing cabinet-level positions, here's the latest list of appointments Play slideshow 1 of 17

GETTY Traders on the floor of the New York Stock Exchange