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

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.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European markets set to open lower ahead of European growth data, more earningsEuropean markets are heading for a negative open Wednesday, as investors await the latest growth data from the region and another batch of earnings.
Source: NBCDFW - 🏆 288. / 63 Read more »

European stocks open lower as global markets see declines; UK inflation falls markedlyEuropean markets opened lower Wednesday as global market sentiment takes a turn for the worse.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »