Hardly anyone can say that the run up to this year's US Presidential Election hasn't lived up to the lively expectations it promised when candidates from both the Democratic and Republican parties started their campaigns months ago in a race to the White House with the contest reaching it's conclusive end heading into election day tomorrow.
But away from the low blows and side swipes handed to one another, come Wednesday after the results have been announced a victory celebration will be short lived as the real work begins in earnest with the inheritance of the current Obama Administration's issues of difficulty handed over to the next in line.
Be it as it may the priority of the economy needs to take centre stage as the steadiness of the global outlook looks ever more uncertain in an environment of low to no inflation and negative interest rates coupled with lacklustre growth. The key for either Clinton or Trump will be a revival of confidence in the direction of the world economy which is largely influenced by the policy's set in the US.
Rejection of Chinese Deals raises doubtsHow markets will react to the U.S. elections https://t.co/uaBUuzlRKy via @BV pic.twitter.com/e4XAA7xLQe— Bloomberg (@business) November 7, 2016
As questions begin to mount over the benefits of globalisation, stats showing the rejection of proposed acquisitions of foreign companies by Chinese firms is headed for it's highest level since 2009 helping critics of the system point out another flaw in its uses as an economic regime amongst nations.
The most scrutinising nations include the United States and Germany whose policymakers both handed heavy blows to the aspiration of Chinese investors by stopping big deals dead in their tracks which could imply restrictive access to investing or a protection of sovereignity.
Potential stockpile disruption could see oil prices spikeThis chart shows the value of rejected Chinese acquisitions overseas https://t.co/f5gwa7BPcz pic.twitter.com/1zUGuHZid4— Bloomberg (@business) November 7, 2016
A 5.0 earthquake in the town of Cushing, Oklahoma has pushed worries over the disruptions of oil supplies in the US as authorities attempt to verify the extent of the damaged caused near one of the world's largest oil storage facilities that has the potential to shut off thousands of gallons of fuel reaching end users.
However fears might be short lived as OPEC continues to battle infighting amongst its members heading into the second and final bi-annual meeting of 2016 due to be held at the end of November in which speculators had hoped would yield a positive outcome for the decline of oil production.
UPDATE: Fears of damage in Oklahoma after earthquake hits near one of world's key oil hubs https://t.co/xtqJEyWmO1 pic.twitter.com/Z7qZWePN8Q— Bloomberg (@business) November 7, 2016
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