News article

Obama win leads to cooling of equity recovery

Obama win leads to cooling of equity recovery
//
The victory of Barack Obama in the US presidential election has seen a cooling in the recovery of the equity markets on both sides of the Atlantic.

According to This is Money, many investors are now anxiously anticipating the announcement of key economic appointments such as treasury secretary and chairman of the Council of Economic Advisers.

Mr Obama - who won the presidential election in a landslide - has already offered the key job of chief of staff to Illinois representative Rahm Emanuel, a member of the moderate, pro-business New Democrat coalition.

The New York Times reports that Mr Obama has also named Bill Clinton's former chief of staff John D Podesta as the head of his transition team.

There exists some speculation that superinvestor Warren Buffett might be offered a top economic job in the Obama administration.

Become an independent investor with the help of Knowledge to Action.
ADNFCR-1681-ID-18861940-ADNFCR