Global stocks hit record highs after Biden wins US presidency in historic vote, but political uncertainty is making the dollar a 'lousy' safe-haven | Markets Insider

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Global stocks hit record highs after Biden wins US presidency in historic vote, but political uncertainty is making the dollar a 'lousy' safe-haven

Since election day, Senate Majority leader Mitch McConnell has appeared to be"This shift in tone increases the chances for a lame duck package and could hint at the potential for a somewhat larger stimulus deal than they originally thought without a Blue Wave," Deutsche Bank analysts said.

The bank's economists retained their current baseline assumption of a roughly $750 billion fiscal package legislated by the first-quarter, even though they were previously worried about this in case of a split government. "With more limited fiscal stimulus on the way, monetary policy can help extend post-election rallies in risk sentiment, creating a bridge to a post-vaccine environment," Innes said.

The US reported new cases surpassing 100,000 over the past 24 hours, up 8.2% in the last week. The nation is on track to set a

 

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Yea right, tell me another Democrat bullshit story

Biden didn’t win

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this is terrible news

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