Photo / NZ HeraldUncertainty pervaded the financial markets as the result of the US presidential election remained in the balance. While Democrat candidate Joe Biden stayed in the lead, the markets appeared to be gearing up for gridlock as the Republicans looked to be in control of Senate. US stocks and government bonds rallied sharply, even though the widely anticipated emphatic win for Democratic presidential candidate Joe Biden failed to materialise. "One thing that is clear, however, is that there will not be a 'Blue Wave' landslide win for Joe Biden and the Democrats," it said. The bulls ruled on Wall Street despite election uncertainty.

Source: New Zealand Herald November 04, 2020 21:18 UTC