Markets anticipate Clinton victory... Whoever wins the White House, experts say US-China ties at risk...
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.
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.
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.
| Latest | 1 month ago | 1 year ago | |
| 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.
