Morning Briefing: Markets anticipate Clinton victory

Morning Briefing: Markets anticipate Clinton victory

Morning Briefing: Markets anticipate Clinton victory Markets anticipate Clinton victory
Equity markets are robust so far Tuesday as America votes but a Trump win would bring turmoil in the next session as the bet is on a Clinton victory.

Asian indexes closed mostly higher despite weak Chinese trade data which showed a sharper-than-predicted drop in imports and exports. There was also weakness in an Australian business sentiment index. Tokyo was the only major market to close lower as exporter stocks were hit by a strengthening yen.

European markets are trending lower with German trade data showing softer imports in September. London is outperforming its peers on better than expected manufacturing figures.

Wall Street and Toronto are expected to open flat ahead of Canadian housing data and the emerging predictions for the US vote.
 
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North America (previous session)
US Dow Jones 18,259.60 (+2.08 per cent) +0.10 per cent +1.95 per cent
TSX Composite 14,652.45 (+0.99 per cent) +0.59 per cent +8.11 per cent
 
Europe (at 4.30am ET)
UK FTSE 6,815.84 (+0.13 per cent) -3.24 per cent +7.27 per cent
German DAX 10,453.44 (-0.03 per cent) -0.36 per cent - 4.87 per cent
 
Asia (at close)
China CSI 300 3,371.12 (+0.43 per cent) +3.62 per cent -11.13 per cent
Japan Nikkei 17,171.38 (-0.03 per cent) +1.85 per cent -10.87 per cent
 
Other Data (at 2.30am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
46.47
(+0.69 per cent)
45.09
(+0.45 per cent)
1284.70
(+0.41 per cent)
U$0.7484
 
Aus. Dollar
U$0.7703

 
Whoever wins the White House, experts say US-China ties at risk
Relations between two of the world’s largest economies could worsen whoever wins the Us presidential vote.

CNBC reports that while Trump’s intention to hit Chinese imports with a 45 per cent tariffs would sour relations, there is a view that things may not be too rosy under a Clinton administration either.

Chris Rafferty of The Economist Intelligence Unit says that a Clinton win would likely only maintain the current “uneasy truce” with the potential for it to worsen in time.