Global stock market in wait and watch state as the US presidential results delays

A combination picture shows U.S. President Donald Trump pumping his fist during a campaign event at Capital Region International Airport in Lansing, Michigan, U.S. October 27, 2020, and Democratic U.S. presidential nominee and former Vice President Joe Biden making a fist during a drive-in campaign stop in Des Moines, Iowa, U.S., October 30, 2020. Photo Courtesy: Reuters


Kathmandu: As the results of the US presidential election are being delayed, stock markets around the world are in wait and watch situation, as reported by international media.
The race for the presidency continues between the two candidates, Donald Trump and Joe Biden. The latest figures show former Vice President Joe Biden in favor. The delay in getting the results has also affected the global stock market.
The weakening US dollar has also affected trade. China’s Shanghai Stock Exchange also fell 0.2 percent on Friday. Similarly, only a modest change has taken place in Hong Kong’s Hong Seng. Japan’s Nikkei rose 0.9 percent. On the European side, the UK stock exchange fell 0.7 percent. Germany’s DEX was up 1.5 percent and France’s CAC was up 1.3 percent.
The stock market also is watching the results. Compared to Trump, who has been chanting nationalist slogans for four years, Joe Biden, who has a more liberal image, has come to power.
The market’s attention will soon be focused on the recent outbreak of Covid 19 in the United States and the rate of infection, and will seek financial support to help Americans affected by the epidemic.
Last week alone, an additional 7.51 million Americans became unemployed. This number is much higher than in previous weeks.

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