The results known so far of the US election have shown the world’s most powerful economy deeply divided – and markets uncertain.

Incumbent Donald Trump, with 213 electoral college votes, trails challenger Joe Biden’s 227 (as at 12.30am Nov 4). The winner needs at least 270 votes and results from several states such as Pennsylvania and Michigan are not clear yet.

The much anticipated “Blue Wave” did not manifest. “Whoever wins we know already that Trump did well. Hence, the market has started to change the narrative from a blue wave to a possible Trump victory,” observes Amundi Asset Management.

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