President Romney preferred by markets

Investors in the US seem to prefer Mitt Romney for the presidency, according to a survey carried out by Barclays last week, though congressional deadlock is a worry under both candidates.

Based on the responses of more than 350 investors in Canada, the US and Europe, responsible for managing $10 trillion of client money, the prevailing view was that equities would rally if Romney triumphs over Barack Obama next week.

“Investors seem to believe in a more promising growth outlook under a Romney win, in spite of their concerns about a likely tighter monetary policy stance,” the report said.

Clearly, the market is either...