UBS On-Air: Paul Donovan Daily Audio 'US politicians at play'

It is not the best time for the US House of Representatives to be paralyzed. Voting for a speaker is expected today—markets are not, perhaps, expecting an edifying spectacle. Investors’ main concern is whether the government shuts down on 17 November. This might possibly be avoided even without a speaker in place, but not having a speaker adds risk to markets.