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Matthew Lynn’s London Eye: Why Hillary Clinton’s victory will lift global stock markets

LONDON (MarketWatch) — It is, as they say, never over until it is over. Even so, with two weeks to go before one of the strangest American election campaign in living memory comes to an end, it looks as if there can now only be one outcome on Nov. 8 — and that is a victory for Democratic candidate Hillary Clinton. For the first time in its history, the U.S. will be led by a female president.

In the short term, at least, Clinton’s inevitable victory is going to boost global stocks.

Why? Because there will be widespread relief that Melania Trump isn’t measuring for new curtains at the White House; because there will continuity with economic policies that the rest of the world is broadly happy with; because the Federal Reserve is likely to keep normalizing interest rates; and because it will signal that, post-Brexit, there is no global movement against free trade.

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