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A mixed start to the week for major markets as focus remains on US politics
Major markets look somewhat cautious in early moves today as several key issues remain on a knife-edge. US politics remains front and centre. Whilst the market appears to be positioning for a Biden victory in the US Presidential election, there is a lack of clarity still on whether a fiscal stimulus agreement can be struck prior to the election. In some ways, the market is taking it as a win/win, with the Democrats driving a hard bargain (wanting more funding), but equally in the knowledge that the opinion polls have Joe Biden around 10%/12% ahead. Whether fiscal support is agreed now or after a Biden victory (still ... (full story)