US STOCKS-Wall St set to open higher as UK election impact limited [Reuters]
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Source: Reuters
Wall St. set to open higher as UK election impact limitedn"U.S. stocks looked set to open slightly higher on Friday as the surprise result of the British general election had a limited impact on investor sentiment.British voters dealt a blow to Prime Minister Theresa May in a snap election, wiping out her parliamentary majority, just weeks before Brexit negotiations are due to begin.May said she would form a new government with assistance from Northern Irish unionists to provide political certainty.European stocks were choppy on Friday, with the pan-European STOXX 600 index down 0.3 percent, while UK's blue chip FTSE 100.FTSE index gaining 0.5 percent.Analysts said the impact from the election on the U.S. market would be limited."The UK election is a UK event and there is no direct economic impact from that on the U.S. economy," said Steve Blitz, chief U.S. economist at TS Lombard in New York."Investors are more concerned about Trump and the perception of what he can and can't get pas
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