News Headline Summary

Obama wins easily overnight coming into the EU open US Treasuries, Gold are higher and USD is lower. Focus back on Greece and the fiscal cliff

Update details:

With an Obama win overnight it is a 'no change' in the US government with the house remaining Republic and the Senate Democrat.

Gold and USTs are higher and USD is lower as Obama is pro-QE, so markets look forward to an all accommodating Fed over the next Obama term.

Focus is now back onto the US fiscal cliff which analysts predict will push the US back into recession but ahead of that today we will be looking out for the results of the Greek austerity vote and also following the political handover in China who are holding a congress this morning from 8.30am London time.

Print 06:58, 07 Nov 2012 - Market Analysis - Source: RANsquawk