The Barack Obama effect on global financial markets

ObamaÆs policies are likely to be less equity-favourable, but analysts hope he will step back from his more progressive initiatives until the economic recovery is well underway.

The euphoria among supporters of Barack Obama and those who associate his victory as the next president of the United States with the change that they have been waiting for is far from dying down. But on a wider stage, attention is clearly turning towards the task at hand. And for now, nothing is more pressing than putting the US economy in order.

The US housing crisis, the credit crunch and the consequent bailouts of financial institutions are still high...

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