Spreadex Market Update
Global market trade positively
The lacklustre approach to risk is probably rooted in the fact that despite key opinion polls suggesting that Barack Obama possesses a slight advantage with voters, a marginal victory could lead to the delay in announcing a winner.
Therefore, although the markets are probably not going to favour a particular political party, investors despise uncertainty.
Thus, the worst case scenario is not necessarily who the next US president will be, but rather the possibility that investors will find out on Wednesday morning that there isn’t an elected US president yet which would mean dealing with the fiscal cliff will continue to be delayed.
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