In view of analysts at Deutsche Bank, tomorrow’s US mid-term elections are the focal point for the week and polls and betting markets indicate that the Democrats are likely to take control of the House, while the Republicans are likely to retain Senate control.
Key Quotes
“The major issues for voters are healthcare, immigration, and trade policy. For markets, the key issues are whether to expect further fiscal stimulus, and what the implications are for trade policy. On the former, unified Republican control is likely more bullish, while on the latter, a divided government could de-escalate the current trade conflict.”
“Either way, our US strategists are unlikely to be swayed from their bullish equities and bearish rates view.”
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