US Elections Will Keep Markets Volatile Beyond November 3

In the tight race for clinching the top US rank and Joe Biden already leading with 205 electoral votes, you may be wondering as to when things will be clear as to who takes over as the new President of the United States. For taking up the White House, the candidate needs to win 270 electoral votes.

Here's Why Market May Remain Volatile Beyond November 3

In a usual scenario, the US election results come to fore by the end of the Election Day that was November 3. But this year things are a little different as there has been a significant rise in mail-in voting or postal ballot and hence some states may take a little longer to declare the winning candidate. Last round of polling was expected to be completed by 9 pm EST, which implies 7:30 am as per Indian Standard Time (IST).

And if the results are not clear by November 3 then there is a possibility that the outcome of the US Presidential results can get prolonged and hence result in volatility in the global markets.

Timeline of likely election results declaration by different states in the US:

November 3- Of the 50 US states, 36 states are expected to count most of the votes and come out with the results on November 3.

November 4: Wisconsin will declare its results by November 3 or by November 4, 2020

November 5: Indiana and Connecticut will release their results by November 5

November 6: Pennsylvania and Michigan will declare their election outcome by November 6

And the rest of the states will declare their results by mid to end November.

Swing States To Decide The US Presidential Result Outcome

Important swing states that could decide the outcome of the US Presidential elections include Arizona, Florida, Georgia, Michigan, Iowa, Minnesota, Nevada, New Hampshire, North Carolina, Ohio, Pennsylvania, Texas Wisconsin.

Though, the US President Trump has hinted of a disputed US election result and made a statement that "I think this will end up in the Supreme Court .." However, such an instance of disputed US election result has been rare in the history of US polls.

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