The uncertain outcome of the US presidential election made Western markets seriously nervous. The prospect of many days of waiting for the final results of voting has led to volatility in the US and European stock markets. But in the first trading after the election, the US market opened in positive territory - by 17:45, the S&P 500 index adds 1.45%.
With 20 minutes before the opening of US markets, Biden took the lead in Michigan, an advantage in that state that is likely to grow further, raising his chances of an overall victory.
Nevertheless, the failed defeat of Donald Trump and the Republicans, which was pointed out by numerous opinion polls, led to a strengthening of the dollar by 1% against the currency basket and an increase in interest in US government bonds - investors highly appreciated the risks of a tight presidential race.
After Trump announced his intention to go all the way to the Supreme Court challenging the results of the last election, stocks collapsed at the opening of trading in London, Paris and Frankfurt. Having won back the fall by noon, they fell again, writes the BBC.
For Russia, the loss of investor confidence in Biden's clear victory turned out to be favorable - although Russian stock exchanges are closed today, trading in GDRs of Russian companies in London shows positive sentiment, the notes . MMI telegram channel
Challenging the election results in court with a minimal victory for Biden would be the most negative scenario for the markets, , told Alexander Orlov, managing director of Arbat Capital Forbes. He called the most positive scenario the preservation of the status quo with Trump's victory and the Republicans retaining control over the Senate. In this case, brokers consider Biden's victory with the Democratic or Republican Senate as the most likely scenarios - in the first case, the short-term positive will be covered by the long-term negative on the growth of taxes and regulation, and the second case will become a moderately positive scenario for the markets.
The US election turned out to be much tighter than expected before November 3, the result of Donald Trump is much higher than expected, and there is no trace of Biden's advantage. How it happened and what will happen next, The Bell told here .