President Barack Obama and presumptive Republican nominee Mitt Romney may be tied in general election matchup polls, but a new survey shows Obama's popularity is growing among global investors.
According to a new poll of more than 1,000 Bloomberg customers, Obama is viewed in a positive light by 56 percent of global investors compared to only 40 percent who favor Romney. In the U.S. however, where the votes actually count, investors favor Romney over Obama and believe the former Massachusetts governor would be better for the global economy.
When asked who would better handle the global economy, global investors favor Obama 49 percent versus 38 percent for Romney. This sentiment is not surprising if you look across the pond to recent elections in France and Greece, where there is growing voter backlash against austerity measures — programs Republicans often promote here in the U.S. — that have led to slow growth in Europe. (See: Looking Beyond Europe's "Quasi-Disaster," Stocks Snap Losing Streak)
Also on the uptick are poll respondents' perceptions that Obama would be good for domestic markets, which is right in line with market performance. The S&P and Dow are up nearly 40 percent since the president took office at the beginning of 2009. Forty-eight percent of global investors believe an Obama re-election would be a "good thing" for U.S. markets, compared to 36 percent who believe he would bad for markets. At the beginning of the year 44 percent of global investors believed a second term for Obama would be a positive, up from 38 percent at the end of 2011.
As the sentiment between global and domestic investors diverges, there is one area where they seem to agree. Fifty-four percent of global investors believe the new financial regulation laws pushed by the Obama administration — and fought by Republicans — have negatively impacted the economy and have led to the loss of jobs. Editor's Note: This poll was taken on May 8 before news of JPMorgan's massive $200 billion loss was announced by CEO Jamie Dimon on Thursday. (See: Jamie Dimon Should Resign Over JPM's Big Loss, Simon Johnson Says)
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