US political gridlock frees up equity markets

By Sam Kerr
08 Nov 2018

The eventful US mid-term elections have unlocked primary equity markets, with large block trades emerging after Tuesday’s vote. With the US political dynamic transformed, following the Democrats taking the House of Representatives, market practitioners are hoping the prospect of political gridlock in Washington will calm markets and make for better issuance conditions between now and the end of the year. Sam Kerr reports.

“It’s been my experience that a gridlocked Congress, when the House and Senate have been ruled by different parties, has not been bad for stock markets,” said an investment analyst speaking to GlobalCapital. “A dysfunctional Congress that is unable to pass any laws would be helpful because it ...

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