The European Union must be united and coordinate closely in view of Donald Trump's coming return to the White House, the leaders of the bloc's two main powers, Germany and France, said on Wednesday after holding talks to coordinate their response.

The massive gains represent a big swing in profits for the Polymarket bettor, who was sitting on an unrealized loss of $3 million on Monday.

France and Germany emphasized the need to keep up military spending and for unity on European security, including with the U.K., following a meeting between the two countries' defense ministers in response to Donald Trump's victory in the 2024 U.

France and Germany urgently coordinated their response to a return of Donald Trump as U.S. President on Wednesday, with Emmanuel Macron saying on X Berlin and Paris would work for a united, stronger more sovereign Europe within "the new context".

German Defence Minister Boris Pistorius is to travel to France for talks with his French counterpart Sébastien Lecornu on Wednesday evening, following Donald Trump's victory in the US presidential election.

German Chancellor Olaf Scholz and French President Emmanuel Macron held a telephone conference on Wednesday morning in view of Donald Trump's likely impending victory in the US presidential election.