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2026-11-04 15:12:25
[Standard Chartered: Even with a larger Democratic majority, a substantial policy breakthrough is unlikely] 1. Standard Chartered analysts Steve Englander and Dan Pan stated in a report that the key question for asset markets right now is what the US midterm election results mean for the next two years. 2. They emphasized that even with a majority, the Democrats are unlikely to achieve measures sufficient to overturn vetoes. Therefore, while there may be a lot of political noise, there won't be much concrete action with economic consequences. 3. The report also points out that the next key issue to watch is whether the budget negotiations in December 2026 and the debt ceiling negotiations at the end of 2027 will lead to a government shutdown and the threat of debt default.
