HSBC: after the U.S. presidential election to be concerned about their financial cliff

Hailed as the most intense of the U.S. presidential election in 50 years, As Obama announced successful re-election has come to an end. Global concern, the result of the election of the President of the United States to celebrate Obama's re-election, the investment climate is good, the euro, the Australian dollar rebounded. However, HSBC Global capital markets Asia-Pacific Wealth Strategies Director Ye Jianxiong reminded that the 12th, the threat of the U.S. fiscal cliff has a step closer.

According to its analysis, the political, the election results on behalf of the U.S. Congress will continue to be stalled, especially in the House remains Republican dominated, accounting for most of the Democratic Party in the Senate with Republicans on fiscal issues continue to struggle, "This is reminiscent of in the summer of 2011, the two parties in the dispute on the budget deficit, eventually leading to the Standard & Poor's lowered the U.S. AAA long-term sovereign credit rating, this situation is likely to again be staged once.

Ye Jianxiong said, in January next year, the U.S. Congress will enter a "lame duck" period for the transfer of old and new Members, Members of the two parties in the two major issues to solve the fiscal cliff - increase taxes and cut spending on the delay consensus, uncertainty.

He said: "Although the market believe that the two parties will eventually reach an agreement, to take a middle-of-the-road, in order to avoid the United States into recession for the full implementation of the tax increases and spending cuts, but it is expected that the bipartisan extension of tax breaks to postpone part of the spending cuts to slowly negotiations to gain time, because of the financial problems of the United States really is not one forty-five can solve.