Obama versus McCain

Election winner expected to focus on economy for short term

US equity managers believe a new administration will do little to revive local markets in the short term, with most expecting a period of increased regulation following recent turmoil in financial markets. Polls suggest Barack Obama is odds on favourite to win the US election in November. But neither candidate is talking of making changes that would have an immediate impact for particular sectors because both are focused on resolving current economic issues. Simon Laing of Newton Investment Management said this is not a typical election build-up given the economic crisis. "The econo...