The inconclusive outcome of today’s US presidential election is the “worst outcome for markets”, according to investment professionals, who warn the “dragged out affair” will delay a “swift stimulus package” which would ultimately buoy share prices.
This comes following a close overnight race for presidency, with Democrat candidate Joe Biden currently projected to win 236 electoral college votes and incumbent Republican US President Donald Trump to win 213. However, with votes in ten out of 50 key states yet to be counted - including ‘toss-up' states Pennsylvania and Georgia which account for a combined 36 college votes alone - as more than 100 million people cast their ballots in early voting before election day on Tuesday (3 November), Trump addressed the nation this morning (4 November) announcing he will go to the Supreme Court ...
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