Morning Markets: Stocks up as America goes to the polls
- China: Trade balance, imports and exports (published)
- Germany: Industrial production (0700 GMT)
- UK: Industrial production (0930 GMT)
- Poland: Monetary policy meeting (1059 GMT)
- Canada: Housing starts (1315 GMT)
- US: Job openings (1500 GMT)
- US: API Weekly statistical bulletin, incl. crude and gasoline stocks (2130 GMT)
- The overnight US rally spilled over into Asian markets as America prepares to vote
- Nikkei, Kospi and ASX200 all opened higher before slipping in afternoon trade
- NAB business conditions index fell 2 points to +6 in October
- China's October exports fell 7.3% from last year; imports fell 1.4%
- Both falls were worse than had been expected
- AUD is holding above 0.77 after being as high as 0.7729 overnight
- USDJPY steadied around 104.45 after levels around 103 last week
From the Floor
USD potential. "If Clinton wins big, we will see the dollar up broadly, but mostly against the safe havens,” Hardy says. "If Clinton wins by a small margin and Trump doesn’t concede, we have two-way volatility.”
Stocks outlook. "If we get a Clinton victory, it is likely that we get a short-term positive reaction [in equities],” says Garnry.
Gold adjusts. ”We have started to see the market adjust to a Clinton win – that was seen in gold yesterday,” says Hansen.
Get all the latest from Saxo Bank's trading floors in From the Floor, within the hour.
US job openings are moving at a rate of knots, but are they due for a slowdown, asks James Picerno.
As US voters finally get to have their say, the latest Bloomberg poll has the Democratic nominee ahead by three points, writes the team at Saxo APAC Sales Trading.
Bets on Clinton
An early rise in the ASX anticipated a Clinton victory, and a bump in key commodities didn't hurt either, writes the team at Saxo Capital Markets (Australia)
Investor sentiment has been swinging in line with the polls, and the CBOE fear index reached pre-Brexit levels, writes Giorgio Stoev.
As US voters head to the polls today, markets have made their call. Photo: iStock
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