The current president of the United States, Joe Biden, You will receive constant updates on the development of the voting from the White House headquarters. Biden participated little in the electoral contest, after Kamala Harris assumed the leadership of the Democrats, and this day will not be the exception since It does not have public events planned.
Biden has led a discreet agenda in recent days and has decided to follow the electoral outcome from the government residence with the first lady, Jill Biden, and a group of trusted advisors and high-level government personnel.
With a end tight, the main candidates for the White House They dispute vote by vote the support of the Americans in order to conquer the presidency of the main power on the planet. The gaze is set on seven key states that could tip the balance in the Electoral college, body in charge of appointing the next president.
Depending on the vote count in each of the “hinge” states, The release of the final result could stretch for days, as happened in the 2000 or in 2020, in full pandemic, or meet on the same night as elections, just as happened in 2012.
Elections in the US: how the result will impact the stock market, the dollar and Argentine rates
This week looks intense for the markets due to the publication of numerous results and macroeconomic data relevant to the United States economy in an electoral context. Polls indicate that the results of the elections are very close, with Donald Trump gaining an advantage over Kamala Harris. Barclays analysts published a report on the implications of these elections in various areas of the economy. Additionally, this note will address the impact that these events could have in Argentina.
And it is as well explained Mauro Cognetta of Global Focus Investments In his weekly “view”, Donald Trump’s ideological affinity with Javier Milei causes speculation in various economic and political circles in Argentina about potential favors that could come from the north.
However, it indicates that “the policies proposed by the Republican candidate will also tend to maintain high rates in the US and a more appreciated dollar globally, harming emerging countries,” including Argentina. For Cognetta, this would be particularly true if Trump’s eventual arrival in the White House is accompanied by complete control of both chambers of Congress.
“Therefore, for Argentina it will not only be important to observe the electoral result for the Executive, but also for the Legislative, especially the House of Representatives,” he warns.
Source: Ambito
