Edited excerpts:
The US elections
The US election results were in line with expectations and the markets were not surprised.
Importantly, this is considered a strong result for Democrats and expectations of no change in the leadership are looked at positively.
In terms of implications, Christopher said since the leadership doesn't change, significant changes might not be required for the US economy this year and the next.
The US economic recovery and the pick-up, seen through the last several quarters, remains intact.
However, he believes this would be a short honeymoon for Obama and the Democrats, particularly as the negotiation process on the fiscal cliff is set to begin.
On fiscal cliff
Fiscal cliff refers to the effect of a series of enacted legislation or terms of the Budget Control Act of 2011, scheduled to go into effect at the end of this year.
These include tax increases, spending cuts and a corresponding reduction in the budget deficit.
The Fed's approach
Christopher believes there may not be many near-term changes in the Federal Reserve.
As stated earlier, the Fed doesn't wish to renew Ben Bernanke's term, which ends at the end of 2013.
So, against this backdrop, how the Obama administration and the Federal Reserve tackle the fiscal cliff would be important, as that remains the primary
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