A house divided: US election fallout weighs heavily on long-term outlook
Failure of 'Blue Wave' a blow to stimulus package
Joe Biden was declared the winner last weekend over Donald Trump. Photos: iStockphoto/The White House/Gage Skidmore/Flickr CC BY-SA 2.0
The prospect of a split US government buoyed equity markets heading into the end of US election week with investors encouraged by the softening risk of higher taxation under a Joe Biden Presidency, but concerns of an obstructed political process weigh on prospects for growth over the next four years.
Global equity markets rallied from the day of the US elections (3 November) through to the end of the week as the likely result became clearer, with the S&P 100, S&P 500 and MSCI World up 4.4%, 3.6% and...
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