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Key Takeaways

Joe Biden is declared US President-Elect; Trump refuses to concede. Global stocks rally with expectations of greater US policy stability. Global COVID-19 cases top 50 million with surging death toll.

Condition Updates

A rundown of important global developments in markets, in business, and region-by-region, as well as statistical risk assessments by country and by US state.

Election 2020: President-Elect Joe Biden

Late Saturday morning, former Vice President Joe Biden was declared President-Elect of the United States. President Trump has yet to concede the election and is not expected to do so anytime in the near future. Elsewhere, the House of Representatives will remain in Democratic control, but the control of the Senate remains an open question - both seats in Georgia (currently held by Republicans) will head to a special election held in early January.

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