Thinktank: Romney victory could give Dow 500 point boost

US stock markets could spike if Mitt Romney secures a surprise victory tomorrow in the US Presidential election, leading thinktank the Centre for Economic Business Research (CEBR) has forecast.

Although most commentators expect a victory for incumbent Barack Obama, the CEBR has said the Dow Jones Industrial Average could surge by 500 points if Romney secures a surprise win. "President Romney has promised a radical departure, with bigger budget cuts and tax cuts. And he would be perceived as pro-business which might boost the financial markets...