Stock markets gripped by US election race – business live

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Rolling coverage of the latest economic and financial news

7.33am GMT

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

Investors around the world are gripped by the unfolding election drama in the US.

Related: US election 2020 live results: Donald Trump takes on Joe Biden in race for White House

Related: Trump to address nation as votes still being counted in key states – US election live

Biden is called to win Arizona (11), which leaves the key Rust Belt states of Wisconsin (10), Michigan (16) and Pennsylvania to decide the election.

But these won’t be called imminently and it could take days to decide final outcome, not even considering legal challenges prolonging the agony – A result today may not be possible, though if Biden clears 270 it seems difficult for Trump to mount a serious legal challenge.

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