MARKETS SPECTATOR: US cliffhanger

The likely winner of the US election will grab all the headlines in the next 48 hours, but with the US fiscal cliff holding sway over market sentiment, a decisive victory either way is essential.

Well it’s finally here. The 57th US election is upon us and will kick off tonight Australian time. For the next 48 hours or longer, this is all we are going to hear about as the result has far reaching implications.

While US citizens head to the polls this evening, we really won’t start to get an idea as to who’s leading until the Australian trading day tomorrow.

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