Reading the Trading Floor U.S. Election Signals
Stocks rose and exchange-rate volatility died down in the final hours before the U.S. presidential election with opinion polls showing Hillary Clinton ahead of Donald Trump. A hint of caution was still evident as gold rose. The MSCI All Country World Index extended the last session’s rebound from a three-month low, with European and Asian shares advancing after the S&P 500 Index snapped a nine-day losing streak. A gauge of expected exchange-rate swings held at a one-week low and the won was the best performer among major currencies, a sign of investors’ confidence that Trump and his protectionist trade policies will be rejected in the vote. BNP Paribas Global Head of FX Strategy Steven Saywell discusses with Guy Johnson and Jonathan Ferro on "Bloomberg Markets: European Open."