Daily Archive: November 6, 2020

Investors hit pause on the markets rally as the nail-biter vote count drags on

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Happy Friday, Bull Sheeters. Take a breather. The markets certainly have. The “relief rally,” the “Biden bounce,” the glee over gridlock—whatever you want to call it—is on pause after stellar markets gains the past few days.

The vote count—of course we’re heading right there—continues to show a tightening race in Georgia (Biden up 917 votes, as I type) and Pennsylvania (Trump up 18,229 votes). The moment Georgia went blue, shortly before 4:30 a.m. Atlanta time, U.S. futures bounced off their lows.

Let’s check in on the action.

Markets update

Asia

  • The major Asia indexes are mixed in afternoon trading with Japan’s Nikkei up 0.9%.
  • President Xi Jinping has delivered his longterm economic outlook, saying the Chinese economy should double by 2035. What’s
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France sees smoother trade ties with U.S. if Biden triumphs, says minister By Reuters

© Reuters. French Culture Minister Riester speaks after video conference with artists in Paris

PARIS (Reuters) – France expects smoother trade relations with the United States should Democratic contender Joe Biden win the presidential vote, with greater alignment on sustainable development and more multilateral cooperation, trade minister Franck Riester said.

President Donald Trump has imposed tariffs on French wines in a row over Airbus subsidies, threatened levies on Champagne and luxury handbags in a digital tax dispute, and pursued an isolationist “America First” stance.

Asked if France anticipated that a Biden presidency would be more reconciling, Riester told Reuters: “We would surely see an improvement in relations. We would be more aligned on matters of sustainable development and perhaps also on multilateral work.”

Biden took a razor-thin lead over President Donald Trump in the battleground state of Georgia early on Friday, edging closer to winning the White House.

Biden’s camp

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