Welcome back to the FT’s live coverage of the US Election 2012 in which US voters will choose between Barack Obama and Mitt Romney. As millions of Americans continue to head to polling sites around the country, some results will begin to trickle in shortly.
By Arash Massoudi and Anjli Raval in New York (All times EST)
19.00: Continue to follow our election live blog here.
18.55: How will markets react tomorrow? Michael Mackenzie, FT’s US markets editor, says bond traders believe Treasury yields are likely to fall if President Obama is re-elected as attention will focus on gridlock and the “fiscal cliff”.
“Traders think a Romney win would push the benchmark yield higher as the risk of a fiscal accident is reduced. For equities, the consensus view is that a relief rally beckons once the election result is finalised, with a Romney win pushing stocks even higher.”
Voters wait outside a makeshift polling station on Sandy-ravaged Staten Island, New York. (AP)
Welcome to the FT’s live coverage of a momentous election in which US voters will choose between Barack Obama and Mitt Romney to lead them through a future of economic and political uncertainty. Here is our moment-by-moment reporting as months of bitter campaigning and rancorous rhetoric end, and voters finally have their say. By Anjli Raval and Arash Massoudi in New York and John Aglionby and Ben Fenton in London. (All times EST)
16.52 We’re going to take a short break before the polls start to close. Stay tuned for more live coverage on FT.com, which can be found here.
16.49: Lionel Barber, Financial Times editor, writes a piece from Washington saying that America’s real test comes after the polls: Read more
The polls have opened in the US and our liveblog is up and rolling. Here is some reading to get you through until the numbers start coming in:
In Berlin last week an impressive selection of elder statesmen from Germany and other European Union countries rolled up for a two-day conference labelled “Europa nach der Krise”. It was by no means the first event, since the eruption of potentially devastating turmoil in the eurozone in 2010, that preferred to ask what Europe might look like “after the crisis” rather than focus on what needs to be done to get out of the crisis in the first place.
To their credit, some of the conference participants, such as former UK premier Tony Blair and former EU commissioner Peter Sutherland, made this very point, saying in effect to their audiences: “You’re nuts if you think Europe is already out of the woods.”
Nevertheless I was left with the distinct impression that, by and large, politicians and experts from eurozone countries thought the worst was over and the crisis was essentially under control, whereas their counterparts from non-eurozone countries thought nothing of the sort. Why should this be? Are eurozone representatives guilty of wishful thinking? Are non-eurozone representatives so ill-disposed towards the euro that they want the crisis either never to end or to end in disaster? Read more
Welcome to the final round up of media coverage of the US presidential election campaign, as Americans go to the polls. You can see a live blog of the unfolding events elsewhere on FT.com, but here we review the last moments of seemingly endless months of punditry and prognostication about what might happen today. Tomorrow, it is to be hoped, the headlines will be about what actually has happened.
We start with a look at how the media have covered the crazed deadline hours of campaigning, as the candidates hurtle around swing states trying to energise voters to support them. Read more