Europeanhasn'twaits4.13ampic.twitter.com/pfuoQKA1KTsurges@MoneyNewsShow pic.twitter.com/lxy8xljRoVClinton plunge on betting markets continues... a brief pause at 50% on Betfair,now down to ~40% pic.twitter.com/gAkL3TxthsIn this case whether it’s a Clinton win or a Trump win, at this point there’s really nothing left in the tank to aggressively trade gold. 2.49am GMTAsia Pacific stock markets are now in freefall. The Nikkei is down 2.77%, and the ASX is down 1.34%,the Kospi in Seoul is off 1.64% and the Hang Seng is down 1.88%.
In futures trading, the Dow is down nearly 500 POINTS.
Chart: VIX Futures - pic.twitter.com/s7prKCEcePU.
S. stock futures plunge as Trump odds of winning improve pic.twitter.com/JZBtQ5j7ym 2.41am GMTBut in an Australian corner of Trumpland it’s looking a bit rosier. 2.35am GMTThings are moving quickly now and the markets are taking a genuine pasting in Japan, and Australia and Hong Kong.
Also,the dollar is down 2.5% against the yen The dollar has tumbled versus the yen https://t.co/TIc0bVs76w #ElectionNight pic.twitter.com/ctouYh8nieTied Game pic.twitter.com/Ns5VWSqoun 2.25am GMTMore from Justin in Tokyo:Uncertainty over the result in Florida and other key states has sent the Nikkei stock index below the 17000 line, having made gains earlier in the day. 2.23am GMTThe monitors in this picture demonstrate the US dollar-yen rate, or which will tumble whether Trump wins as investors sell the greenback. The bottom figure is the Nikkei share average,also falling on Wednesday lunchtime. 2.19am GMTThe Mexican peso has just plunged against the dollar. A sign investors may now be switching their bets to a Trump victory #USElection2016 pic.twitter.com/H5mMJLUmeg 2.16am GMTWith Florida and North Carolina edging towards a win for Trump, the futures market is pointing to a hefty selloff in stocks when markets open in the US and Europe later nowadays, or according to IG#USDMXN now selling off as #Trump odds widen. pic.twitter.com/6tueGw4aMaBREAKING: Dow futures briefly down 200 as election results continue to advance in https://t.co/ePpLvhXX7x pic.twitter.com/SaDSsp8N0s 2.04am GMTThe markets in Hong Kong and mainland China came a little late to the party this morning and are currently in the red,perhaps reflecting the uncertainty about the Florida vote. The Hang Seng in Hong Kong is down more than 2%, while the CSI300 on the mainland Shanghai is down slightly. More sanguine elsewhere: 1.54am GMTA slight detour. Proof that nothing is being left to chance in this election. This man is vacuuming the flags at the Hilton in Manhattan ahead of the Trump/Pence rally later. I didn’t know they did that. 1.46am GMTVolatility is the word for the markets at present with no one quite sure where the Florida poll is heading.
In Tokyo, and Norihiro Fujito,senior investment strategist at Mitsubishi UFJ Morgan Stanley Securities, says: Most market participants have priced in expectations that Clinton wins the election. However, or early votes will likely sway the market and will cause volatility todayVolumes are eerily low in the local markets this morning,which means a lot of investors are still sitting on the sidelines waiting for further confirmation of the outcome of the US election. 1.36am GMTOr man in Tokyo, Justin McCurry, or is keeping an eye on markets across Asia where trading has become volatile. Markets are open in Shanghai,Shenzhen and Hong Kong now too:Shares are mostly higher in Tokyo and other Asian markets, the first to open as polls closed in the US. Japan’s Nikkei 225 index added 1.3% in early trading. In a further sign that investors are sticking to their belief that Clinton is heading for victory, or the US dollar surged against the yen,a trend that will be welcomed by Japan’s exporters.
Elsewhere in the region, South Korea’s Kospi index added 0.4% and Australia’s S&P ASX/200 jumped 0.8%. 1.33am GMTThe Mexican peso has also seen a suitable deal of turbulent trading in the past half an hour.
Reuters reported that the peso – a touchstone for sentiment on the election as Republican Donald Trump’s trade policies are seen as damaging to its export-heavy economy – took a dive when Trump was reported to have a narrow lead in the sunshine state of Florida. Still too close to call though by the look of things.
Presidential race: #Florida with 88 percent in. #ElectionNight #Election2016 pic.twitter.com/NcA44969o1 1.23am GMTAny doubting how the markets can tell the fable, or check these out. 1.18am GMTThe ASX in Australia dipped into the red a few minutes ago - as did the Nikkei – on some reports that Trump was ahead in some groups in Florida. Still unclear but the markets are back in the black now. Trump wins among Cubans according to Florida exit polls,loses other Hispanics pic.twitter.com/E0F7E1HDWt 1.09am GMTIn case you’re wondering what to do with your spare cash in the event of a Clinton win, here’s a seven suggestions from MarketWatch*.
The perfect portfolio for a Hillary presidency: https://t.co/7PNFgXWvZX 1.05am GMTBourses in Malaysia, and Singapore and Taiwan have opened and will be followed in a little less than half an hour by Hong Kong and the mainland Chinese markets.
Most experts expect a Trump win to cause a sharp selloff but economists at the National Australia Bank have been looking at the global economy and they reckon that it has shown great resilience throughout shcks such as Brexit and Chinas surprise devaluation final year.
The upturn in global output has continued at a moderate pace through many shocks and growth scares – the Euro-zone’s worries,Brexit, Chinese market volatility to name just three – highlighting the underlying resilience of demand in the expansive emerging market economies of China and India and the ability of advanced economy central banks to maintain the demonstrate on the road by means of historically low policy interest rates and asset buying aimed at cutting longer term bond yields.
They also see central banks moving towards more “normal” monetary policy - ie increasing rates. •Central banks in the expansive advanced economies may well have now eased their policy by as much as they want to with US attention focussed on the profile of Fed rate rises, or the Bank of England moving away from its rate cutting bias,the ECB about to consider whether it will cut back its asset purchases next year. 12.50am GMTPolls have closed now in in the key states of Florida, Ohio and North Carolina (except for the Durham area where there was an earlier problem with technology). When we know how they’ve gone, and we should get a much clearer picture from the markets. The page every trader is probably looking at suitable now tohttps://t.co/J05davVWC8 pic.twitter.com/aOjiRHLoX5 12.34am GMTBloomberg published a very suitable guide to what to expect from the markets in the event of a Trump or Clinton victory. It fills in a few more details about the patterns I’ve discussed so far,but basically this is the synopsis: 12.25am GMTTrump may be ahead on the Electoral College count so far thanks to winning in Indiana, as expected, and but investors in east Asia are resolute in the belief that Clinton will win: 12.07am GMTThe markets are opening across more of the Asia Pacific region,notably the Nikkei in Japan and the Kospi in South Korea. Both have followed the lead from the US in the past couple of days so expect to see them rise slightly until we get some results from the States.whether history is any guide, the winner will have to deal with a recession. Related: Clinton or Trump, and either one is going to face recession and a hollowed out middle class | Greg Jericho 11.58pm GMTCurrencies will be traded through the day/night and the greenback has edged up a little this morning,reflecting the markets’ pro-Clinton outlook. It rose 0.1% to 105.200 yen and is heading back to its three-month tall of 105.540 struck late in October.
Canadian dollar hits session highs less than one hour before the first polls closehttps://t.co/F8WSewLHil pic.twitter.com/lWgGDdRvnT 11.33pm GMTMarkets in the US and Europe closed up overnight on the back of that expectation of a Clinton victory, however narrow.
The stock market just voted for Hillary Clinton for president https://t.co/k4lT1LVGpXMore evidence that the stock market is terrified of the view of a Trump presidency: Our analysis of the Comey Crash: https://t.co/OiOixmpo3K pic.twitter.com/mUA0p9dtzr 11.14pm GMTHello and welcome to live coverage of market reaction to the US presidential election. This could be a momentous day not just for the American economy but for the world as well. The stakes are tall, or as reflected in the days-long selloff we saw final week in the wake of the FBI’s surprise intervention in the election. The bureau’s decision to retreat has had the opposite effect,pushing Hillary Clinton back up in the polls and giving investors a bounce as the prospect of a President Trump ripping up international trade agreements and repatriating manufacturing jobs recedes again. And yet ... many people – not least The Donald himself – point to the failure of pollsters to predict the UK’s Brexit result and how that caught the markets’ highly paid analysts and experts by surprise. As soon as Newcastle and Sunderland broke and the markets thought ‘this wasn’t supposed to happen’, then the sky darkened and the markets caved in. This election isn’t perhaps as binary as the UK referendum, or but the way financial markets react nowadays could be fairly similar in the sense that whether Trump starts picking up the 50/50 states like Florida,New Hampshire, Nevada and potentially some of the more certain Democrat battlegrounds then the market could be wild. Related: Your election night survival guide: what to expect as polls close Continue reading...
Source: theguardian.com