Analysts react to US midterm election results

SINGAPORE: Democrats notched early Senate wins, fuelling bets they could wrest control of the chamber from President Donald Trump’s Republicans and raising the prospect of a blue sweep in the US midterm election, though the final outcome remained uncertain. The market reaction was swift with US stock futures declining sharply, while Treasury yields dipped, dragging the dollar lower. Here are some comments from analysts: MICHAEL ARONE, CHIEF INVESTMENT STRATEGIST, STATE STREET GLOBAL ADVISORS, BOSTON: “I don’t think the big risk to markets is from the blue wave; it’s investors overreacting to a blue wave.” MARK MALEK, CHIEF INVESTMENT OFFICER, SIEBERT…