'Obamania' fails to fire Wall Street

It has rebounded slightly, but still stands 98.44 points lower, or 1.02%, to 9,526.84. European indices remain in the red also, with the FTSE100 down 51.45 points, or 1.11%, to 4588.05 this afternoon. Mining and resources stocks are still floundering, with the Wood Group 9.04% behind and Eurasian 8.52% lower. Barclays and RBS are higher however, 7.53% and 6.44% ahead respectively. On the continent, Paris’ CAC 40 remains 1.17% lower, while Frankfurt’s Dax is down 0.45%. JPMorgan global strategist Tom Elliott says equities have historically thrived early under a Democratic presidency. ...