Markets await election result
With election day just around the corner, the markets will likely be quiet over the next few days as investors assume a wait-and-see approach. The election won’t instantly resolve anything, but it will bring a sense of certainty. Companies and investors will at least know whose vision will set the economic agenda going forward.
Julia Coronado, chief economist with BNP Paribas, says investors are looking for the outcome of the election to provide clarity in two areas: “The first thing investors will be focused on will be how the fiscal cliff is resolved, the second issue is monetary policy — who would the next Fed chair be under Romney versus Obama.”
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
