The outcome of upcoming elections in the world's leading economy is set to ripple into global markets no matter who clinches leadership of the White House, UBS head Sergio Ermotti told CNBC on Wednesday.
"We do expect, no matter who wins and the outcome, we do expect some market movements.
Markets are bracing as voters flock to the polls on Nov. 5, with the U.S. holding both the world's foremost reserve currency and the largest stock exchange by market capitalization.
Under a [Donald] Trump presidency, we see that as being inflationary on the back of his focus on immigration and on tariffs.
But we don't see any outcome as being particularly growth positive.
Persons:
Sergio Ermotti, CNBC's Annette Weisbach, Ermotti, Donald, Trump, Arun Sai, CNBC's
Organizations:
White House, UBS, CNBC, Swiss, U.S, U.S . Federal, . Treasury, Pictet Asset Management, Trump
Locations:
U.S