Barack Obama wins US presidential election

<p>Barack Obama has won the US election and will remain in the White House for four more years.</p>

Barack Obama has won the US presidential election, surpassing the 270 votes in the electoral college necessary for winning the race to the White House.

His Republican rival Mitt Romney called Obama in the early hours of this morning (November 7th) to concede before taking to the stage at Romney HQ to deliver a speech to his party faithful, in which he stated that now is not the time for "partisan bickering and political posturing".

Shortly after, Obama appeared at his own headquarters in Chicago and stated: "We know in our hearts that for the United States of America the best is yet to come."

Florida's 29 electoral votes are still undecided, but as the count stands, Obama has won 303 electoral votes, while Romney has secured 206.

At close of play on Wall Street last night, the Dow Jones climbed by one per cent to an index value of 13245.6 points and the Nasdaq was higher by 0.4 per cent to 3011.9 points.

Learn all about CFD trading strategies and the Dow Jones at City Index.

Build your confidence risk free
Join our live webinars for the latest analysis and trading ideas. Register now

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.