Wall Street set for Election Day boost

November 4th. Wall Street set for Election Day boost
Futures climb, tracking gains in Europe. Trading expected to be subdued as presidential race nears finish line.
"People are celebrating a thawing in the credit markets," said Art Hogan, chief market strategist at Jefferies & Co., noting that today is the 17th consecutive day of declines for the Libor, or London Interbank Offered Rate, a daily average of the bank-to-bank lending rates from 16 banks in the U.K.
Markets have gotten a boost as lending rates have improved amid efforts by the U.S. and governments around the world to get money flowing again. Last week, the Federal Reserve cuts, and the European Central Bank and the Bank of England are widely expected to cut rates this week.