Shares back-pedal on fears of a Democrat ‘blue sweep’ in Congress
Market sizes up prospects of win for Joe Biden’s party in Georgia
06 January 2021 - 08:17
Tokyo — Global stock prices slipped and bond yields rose on Wednesday as investors braced for the prospect that Democrats could win both races in a US Senate run-off election in Georgia, handing them control of the chamber.
Along with their narrow majority in the House of Representatives, a “blue sweep” of Congress could usher in larger fiscal stimulus and pave the way for president-elect Joe Biden to push through greater corporate regulation and higher taxes...
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