(Bloomberg) -- The earlier-than-expected UK election is prompting traders to prepare for the country’s biggest political shakeup since Brexit, despite the...
-- The earlier-than-expected UK election is prompting traders to prepare for the country’s biggest political shakeup since Brexit , despite the mostly muted market reaction since the announcement was made.Market strategists are gaming out election scenarios, with history showing UK equities trading relatively flat, or lower, during the first six months after wins for the ruling Conservatives.
Elections are often a source of volatility, but political instability since the Brexit referendum has been particularly acute in the UK. Having the general election sooner may help remove this uncertainty, according to Barclays Plc. strategists led by Emmanuel Cau. The UK remains one of the cheapest developed markets, while being among the most fertile ground for high dividends, buybacks and M&A.
Overall, even as budget constraints will force policy consistency between the major parties, the election could create a political imperative to increase investment, liquidity and participation in UK markets after years of relentless outflows, according to Jefferies analysts including Mark Braley. “This is how people spread disinformation and lies and get away with it," the MSNBC anchor said of Haley's "cynical" reasons for backing Trump.CNNSen. Ted Cruz , when asked Wednesday on CNN whether he would accept the results of the 2024 presidential election, responded by calling it a “ridiculous question,” further exemplifying how Trump-allied Republicans have refused to commit to honoring the outcome of the race.
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