LONDON/TOKYO: Global stocks were little changed but near a record high while the dollar and U.S. bond yields stayed sluggish on Friday on bets that a divided U.S. Congress would hinder government borrowing, which could pave the way for even more central bank stimulus.
Biden had a 253 to 214 lead in the state-by-state Electoral College vote that determines the winner, according to most major television networks, putting him closer to the 270 Electoral College votes needed to win. Japan's Nikkei average rose 0.9per cent to a 29-year high while MSCI's broadest gauge of Asian Pacific shares outside Japan rose 0.3per cent, near a three-year high..Advertisement
Still, some market players are wary of street protests getting violent, after Trump claimed the election was being"stolen" from him. With COVID-19 raging in the United States and parts of Europe, many investors assume more monetary stimulus is inevitable.