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.
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