Live Update 
From the Liveblog of
Thursday, November 5, 2020
From the Liveblog of
Thursday, November 5, 2020
World markets rally as investors shrug off election limbo
Add ToI as a Preferred Source on GoogleUS futures and world shares surge as investors await the outcome of the US presidential election.
European markets also open higher after a day of gains in Asia, while the fate of the US presidency remains undecided.
Analysts say a Congress likely once again split between a Democratic House and a Republican Senate is expected to keep US tax and other policies relatively stable amid legislative stalemates. And share prices tend to rise regardless of who is in the White House.
Taking reassurance where they can, “markets have been happy to presume that this Democratic White . . . House and Republican Senate is the ‘Goldilocks’ outcome. In other words, a ‘Goldilocks Gridlock,'” Mizuho Bank says in a commentary.
— with AP
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