What Obama's win means for markets

After 18 months of brutal campaign slaughter, more than one million TV commercials and $2.6bn spent by the two presidential candidates, America has decided – Barack Obama will remain President, with a fractured bipartisan status quo in Congress. It was a marathon race, with even the most opinionated of pundits and pollsters unable to call it clearly on the eve of the election. Although Romney emerged from the first Presidential debate with renewed energy and a more winning centrist image, he was unable to claw victory against the well-oiled incumbent who in final days seemed to masterful...