Global markets are not hopeful of the US stimulus plan to be passed before the US Presidential Elections, Ken Peng, Asia Pacific Investment Strategist at Citi Private Bank said in an interview to CNBC-TV18.

“If the Democrats sweeps then in January we could get a bigger (stimulus) programme than what might pass now. However, that is not what I am worried about. I am concerned about Europe; Europe probably having more shutdowns, more restrictions on movements is going to be a more impactful development now,” he added.

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