This morning’s European equity markets opened with falls as they prepare for uncertainty with the US election.
The Euro Stoxx 50 and DAX were down by around 1% and Madrid’s IBEX 35 with the worst decline of nearly 2%.
The euro down 0.5% and sterling down 1% against the US dollar.
We expect some volatility as the vote counting continues and whilst markets may react well to Biden, it is possible that a 'hung' government could be place with no majority in either the Senate, Congress or both. If votes swing to Biden expect market rises, if votes swing to Trump expect volatility.
Then it is back to covid-19 and globally all sorting the spread, reduction and cure. That should be all governments priorities.