SINGAPORE: Workers’ Party (WP) chief Pritam Singh said he did not tell former Sengkang GRC MP Raeesah Khan to “take the lie to the grave” on Aug 8, 2021, as he gave evidence in a trial over his alleged lies to a parliamentary committee.
Republican presidential nominee and former U.S. President Donald Trump takes the stage with his wife Melania, his son Eric, and his daughter-in-law Lara, following early results from the 2024 U.S. presidential election in Palm Beach County Convention Center, in West Palm Beach, Florida, U.S., November 6, 2024. REUTERS/Brendan McDermid
"Not only are markets positioning themselves for a comfortable Trump victory in the electoral college, but the prospect of a Republican-controlled Congress," said Matthew Ryan, head of market strategy at Ebury. Leading into Tuesday, polls showed a dead heat between the former president and the current vice president. But by 2 a.m. ET, Trump had won the swing states of North Carolina and Georgia and was leading in several others, according to Edison Research.Republicans also won control of the U.S. Senate, ensuring they will dominate at least one chamber of Congress next year.
"A lot of this is based on investors' view that Trump would cut taxes or at least keep tax rates low. Now that it's likely to be looking like a red sweep - additional cuts are possible," said Ken Peng, head of Asia investment strategy at Citi Wealth in Hong Kong. The euro headed towards its biggest one-day drop since 2020 and German government bond yields staged their largest one-day drop since January, as investors priced in a sharp slowing in the economy.
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