Latest / Newsquawk Rundown, Daily Podcast
US Market Open: Democrats are projected to have flipped both the House and Senate from the Republicans; initial US equity pressure has since reversed, with NQ +1.1%
Democrats are projected to have flipped both the House and Senate from the Republicans.
US President Trump said he will accept the election result and is prepared to work with Democrats, while stating that veto power is one of the strongest powers he has.
An initial Dem sweep trade was seen overnight, which spurred pressure in the USD, yields and US equity futures.
However, US equity futures have since reversed earlier losses with NQ and ES now stronger by c. 1.1% and 1.2%, respectively.
USD remains pressured, whilst G10s broadly strengthen.
Crude benchmarks slipped throughout the European…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.