Economics
Stocks Rise With Mexico Peso, Treasuries Fall as Americans Vote
- Yen drops on speculation Clinton has edge in presidential race
- Oil trades near $45 a barrel as U.S. supply seen increasing
Reading the Trading Floor U.S. Election Signals
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Stocks rose with Mexico’s peso as Americans cast their ballots amid polls showing Hillary Clinton ahead of Donald Trump in the race to the White House. Treasuries, gold and the yen fell as haven demand waned.
The MSCI All Country World Index wiped out this month’s decline, the S&P 500 Index posted its biggest back-to-back gain since June and emerging-market shares rallied. U.S. government bond yields climbed toward the highest levels since May. The peso -- a barometer for investors’ perception on the American vote -- extended a four-day advance. Meanwhile, the yen, the euro and the Swiss franc dropped. Oil traded near $45 a barrel.