US futures are pointing to a slightly higher open today. European equity markets are trading higher, following mixed trading in Asian markets. The UK election is dominating headlines today. Labour's sweeping victory is seen as a turning point in British politics, although FTSE futures and sterling remain little changed as markets had largely priced-in this outcome. Attention is also focused on the second round of the French election on Sunday, with Marine Le Pen's National Rally aiming for an absolute parliamentary majority. In the US, President Biden's candidacy remains uncertain amid growing calls for him to bow out, with betting markets favouring Vice President Harris as a potential replacement.
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