Joe Biden's victory over Donald Trump is being welcomed by global investors with Australia likely to benefit with some heat coming out of the US China trade war.
But with Mr Trump yet to concede defeat while he grasps at legal challenges, there's a lot of uncertainty ahead as Mr Biden confronts surging coronavirus cases, a deep recession in the US and much of his ambitious agenda likely to be blocked in the republican-controlled Senate.
ABC's Peter Ryan speaks with AMP Capital chief economist Shane Oliver.
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