Obama's victory signals green light for markets

Obama’s win in the US election, with Democrats likely retaining the Senate and Republicans retaining the House, means more of the same in terms of divided government.

Now, with uncertainty regarding who will be the next President out of the way (assuming no challenges), in reality it's more of the same with attention turning to solving the fiscal cliff. On this front negotiations are likely to be difficult and protracted and the Republican controlled House may dig its heels in (particularly if Obama wins the presidency but without winning the popular vote - as I write though is he is ahead on the popular vote).

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