Stocks Rise, Treasuries Fall With Gold as Clinton Gets FBI Boost
Source: Bloomberg
Global stocks rallied with commodities and Mexicos peso on speculation Hillary Clintons chances of a U.S. election victory increased after the FBI said her handling of e-mails wasnt a crime. Demand for haven assets waned, with high-quality government bonds, the yen and gold retreating.
Both the MSCI All Country World Index and S&P 500 Index were set for their biggest gains since June and European shares climbed from a four-month low as Clinton is seen by investors as the more predictable candidate. The peso jumped the most in a month, and a rally in the dollar versus the yen showed traders were close to fully pricing in a Democrat win. Oil and metals paced gains in materials, while gold sank with Treasuries.
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Dow shoots up 300 points, S&P surges 2% on the eve of the US election; financials lead
http://www.cnbc.com/2016/11/07/us-markets.html
U.S. equities kicked off the week on a high note, trading sharply higher on Monday after the FBI again cleared Democratic nominee Hillary Clinton over her use of a private server.
Read more: http://www.bloomberg.com/news/articles/2016-11-06/mexico-peso-jumps-as-fbi-reaffirms-e-mails-view-yen-franc-sink