Are Global Markets Pre-Empting a December Rate Hike?
Asian stock futures pointed to a mixed open Tuesday after equities rallied overnight as the dollar hovered near a seven-month high. Oil fell for a second day as Iraq, OPEC’s second-biggest producer, threatened to derail the group’s plan to stabilize crude markets by saying it should be exempt from planned output cuts. Currency volatility declined as bets for U.S. monetary tightening plateaued after rising since the end of June on signals of faster economic growth and accelerating inflation. Polls showed Democratic nominee Hillary Clinton expanded her lead against Republican Donald Trump, both nationally and in battleground states, reducing political uncertainty and putting more focus on monetary policy. Saxo Bank CIO Steen Jakobsen discusses with Guy Johnson in London and Caroline Hyde in Berlin on "Bloomberg Markets: European Open."