Global stocks high but static on likely divided US Congress
European stocks open lower on profit taking and coronavirus worries, as US bond yields fall and the dollar comes under pressure
06 November 2020 - 12:48
London/Tokyo — Global stocks were little changed but near a record high while the dollar and US bond yields stayed sluggish on Friday on bets that a divided US Congress would hinder government borrowing, which could pave the way for even more central bank stimulus.
Investors expect Democrat Joe Biden will beat President Donald Trump but Republicans will keep control of the Senate, allowing them to block Democrat policy such as corporate tax hikes and debt-funded spending on infrastructure...
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