On Tuesday night, betting markets suddenly suggested a Trump win, with fortunes changing rapidly in these markets. “The dominant driver of global markets in recent months has been the tidal wave of liquidity unleashed by central banks, following the pandemic, not expectations around results of the US presidential election. A Biden win or a Trump win will influence investor preferences at the country and sector level. Another factor that will support global stocks is the removal of hedges once the results are clear, Nomura’s analysts said. “As those hedges are removed, that should help catapult markets higher by itself just on that technical factor alone," they said.

Source: Mint November 04, 2020 15:14 UTC