S&P 500 sees impressive rebound amid rebound in risk appetite, Biden still favorite

Amid fast-moving markets, as the critical state count takes place in the Midwest, President Donald Trump leads in the southern states, while Joe Biden has won most of the northeastern states, as reported by the Associated Press.

The electoral race becomes tighter, since Trump is fighting a tough battle and it is worth noting that the battle for the presidency is in the north.

The last count shows that Trump leads North Carolina as Arizona leans toward Biden. Therefore, an improvement in risk appetite sentiment is expected.

S&P 500 futures reverse initial 1% decline and bounce 1.85% to 3,425 point region, as the safe-haven US dollar retreats from multi-week highs.

.

Credits: Forex Street

You may also like