US stock futures fell as President Barack Obama claimed victory after countrywide elections yesterday.
S&P 500 futures expiring in December dropped 0.3 per cent after declining as much as 1 per cent.
“Arguably investors did not factor the risk of an Obama victory sufficiently, as his re-election has raised the probability that sequestration will go into effect,” Andrew Swan, head of Asian fundamental equities at BlackRock, said in a note.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team