Tuesday, November 8, 2016

Global Stocks Are Up, but Election Day Caution Prevails

Stocks edged up on Tuesday as world markets braced for the outcome of one of the most contentious U.S. presidential elections in history, with trade largely driven by cautious expectations of a win for Democrat Hillary Clinton.

The sharp swings of recent days across all asset classes gave way to a more subdued tone, with investors reluctant to make too many big bets as Americans prepared to vote.

The dollar and bond yields slipped, while gold inched up. 

"Markets are certainly going into today in a much better mood now after that FBI news on Sunday night saw risk assets claw their way back following a near two-week selloff," said Jim Reid, market analyst at Deutsche Bank. 

Click here for the full article. 

No comments:

Post a Comment