The latest election update from Edison Research shows that With 95% of the estimated votes counted in Pennsylvania, President Trump has a narrow 49.6% lead over Biden’s 49.2%. However, Trump’s lead has shrunk from 100,000 to 26,300 in the past seven hours.
The elections have come to the end hopeless of a Democratic “blue wave”, with markets disappointed that a major fiscal stimulus package will not come under the leadership of Joe Biden.
While Biden looks set to win right now, it will be difficult for him to pass the long-awaited massive spending package with a divided Congress.
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Credits: Forex Street
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