What does Obama's win mean for markets?

Despite a close contest that saw many predict Obama would lose out - thanks to the high unemployment, sluggish economy and polls suggesting a lack of confidence in his leadership - he managed to see off the Republican nominee. Winning votes in Ohio and other industrial states in America were thought to have clinched the final vote for Obama, after the President announced he would bail out the Detroit car industry, to demonstrate economic fairness, according to the FT. Even though Florida's electoral vote are still undecided, Obama won by a comfortable margin with 303 votes to Romney's...