(menafn – ecpulse) Barack Hussein Obama and for second time was named as the President of United States of America, defeating his Republican Rival Mitt Romney and locking one of tightest races to the White House, where he will be lucky running for another four years starting January 2013!
Presidential results has so far shown the incumbent Democratic President won re-election for the second term, with 303 out of 270 electoral votes required to claim the White House, while his Republican Challenger has so far carried 203 electoral votes as of 06:23 a.m. GMT.
Supporters of U.S. President Barack Obama took the streets and cheered as Obama created history again by defying the headwinds of slow economic recovery and high unemployment. Obama is the second Democratic President to be re-elected for a second term after Bill Clinton.
Markets got some good relief following the news of Obama victory against Romney, as stock futures cheered the next U.S. president, as the euro rose to 1.2861, gold jumped to 1,723.31 an ounce, while crude for December delivery rose to 88.38 a barrel as of 04:41 a.m. GMT.