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European stocks head for lower open as global markets focus on U.S. vote count

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European stocks are heading for a lower open Wednesday as global markets focus on the vote count following the U.S. presidential election.

Global markets are focusing on the results emerging from key battleground states that are expected to determine the winner of the presidential race between former PresidentNBC News has projected the winner in more than half of U.S. states. Trump won the electoral vote heavy prizes of Texas and Florida, as well as battleground North Carolina. Harris took New York and California, as well as Virginia.

Even though none of the major swing states were called yet by NBC News, traders speculated the early returns were favoring Trump.in the event of a Trump win, and they could surge in a Republican sweep, where the party captures control of Congress and the White House. That is because Republicans may introduce"Bonds are selling off across the yield curve massively as the Trump trade gets applied again," wrote Byron Anderson, head of fixed income at Laffer Tengler Investments.

Any bets made before the results are final are"pure speculation," she told CNBC's"Street Signs Asia" on Nov. 5."Either potential administrations would bring an increase in infrastructure spending and inflation remains a concern."wins the election, according to Citi's Scott Chronert.

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