Global equity markets pared gains on Wednesday, after President Donald Trump said he would ask the Supreme Court to stop all vote counting in a hotly contested election and effectively declared victory, despite the results in a number of states being as yet unavailable.earlier in the day that Democrats had stolen the election, as was widely expected, given he had frequently said, in the run-up to the vote, that there would be mass fraud with mail-in ballots.
"It can be argued that the language from both sides could be building towards contesting the election if the results are close. This too would likely erode risk appetite and support the greenback," strategists at Rabobank said. The MSCI All-World index was still up 0.9%, having risen earlier by as much as 2%, while US and European stock futures reversed course and fell sharply, and Asian equity markets pared gains.
"Given that the risk of a contested election is higher than priced by the market – and that US equities sold off 8% while the Supreme Court decided what to do with the Florida recount in 2000 – our overall bias is that risk assets and risk-sensitive currencies will remain vulnerable this week," ING strategist Chris Turner said.
Futures on US benchmark indices fell, reversing earlier losses, while futures on the VIX volatility index spiked. Futures on the the
LIES LIES LIES
Except that's not what he said.
LOL; what a BS headline.
this is terrible news
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