US Vote Twist Spooks European and Asian Stock Markets
US Vote Twist Spooks European and Asian Stock Markets
European and Asian stocks dropped on Monday as the US presidential election race took a dramatic late twist. Markets moved cautiously as news that the FBI would further probe Hillary Clinton's emails fuelled fresh uncertainty about the outcome of the US presidential election only eight days before the vote.

London: European and Asian stocks dropped on Monday as the US presidential election race took a dramatic late twist.

Markets moved cautiously as news that the FBI would further probe Hillary Clinton's emails fuelled fresh uncertainty about the outcome of the US presidential election only eight days before the vote.

"Stocks in Europe are feeling the aftershock of US election jitters that struck US markets on Friday when the FBI opened up a new probe into Hillary Clinton's emails."

Wall Street's sell-off Friday filtered through to Asia today, where dealers were nervously awaiting also a series of key events this week, including central bank policy meetings in Japan and the US and the release of US jobs figures Friday.

Media speculation over the weekend was divided on the fate of Canadian national Carney, with competing claims as to whether he was set to announce his departure.

"Pro-Brexit politicians have accused the governor of interference, but are now, somewhat ironically, interfering themselves in their calls for Mr Carney to either go or stick narrowly to his brief," said Rebecca O'Keeffe, head of investment at stockbroker Interactive Investor.

"This increased political interference is unhelpful and pushes against the boundaries of the Bank of England's independence."

She added: "Sterling has fallen over five percent against the dollar in October, but the possibility that Mark Carney could decide to leave his post early would almost certainly exacerbate the pressure on the pound."

The dollar, meanwhile, has held most gains against the Mexican peso. Trump has promised to tear up a trade deal between the two countries and build a wall on their border.

What's your reaction?

Comments

https://kapitoshka.info/assets/images/user-avatar-s.jpg

0 comment

Write the first comment for this!