Stocks Rise, Treasuries Fall With Gold as Clinton Gets FBI Boost
- Clinton 3 points ahead of Trump in Bloomberg national poll
- Dow Jones Industrial Average up 370 points; Mexico peso jumps
How Cautious Should Markets Be Over the U.S. Election?
Global stocks rallied with commodities and Mexico’s peso on speculation Hillary Clinton’s chances of a U.S. election victory increased after the FBI said her handling of e-mails wasn’t a crime. Demand for haven assets waned, with high-quality government bonds, the yen and gold retreating.
The MSCI All Country World Index posted its biggest gain since June, the Dow Jones Industrial Average climbed 370 points and emerging-market shares surged as Clinton is seen by investors as the more predictable candidate. The peso jumped the most among major currencies, and a rally in the dollar versus the yen showed prices close to fully reflecting a Democrat win. Oil and metals paced gains in materials, while gold sank with Treasuries.