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Politics : Formerly About Advanced Micro Devices

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From: bentway11/2/2016 11:18:38 AM
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Investors take fright at rising chances of Trump U.S. election win



Wed Nov 2, 2016 | 5:34am EDT

reuters.com

By Jamie McGeever | LONDON
World stocks, the dollar and oil fell on Wednesday, while safe-haven assets such as gold and the Swiss franc rose as investors were rattled by signs the U.S. presidential race was tightening just days before the vote.

Investors were beginning to rethink their long-held bets of a Nov. 8 victory for Democratic candidate Hillary Clinton amid signs her Republican rival Donald Trump could be closing the gap, deepening the recent decline across major stock markets.

Asian stocks hit a seven-week low on Wednesday, while European bourses followed Wall Street's lead overnight and slid to a four-month low.

Bonds rose alongside gold, the Swiss franc and Japanese yen, with the yield on 10-year U.S. Treasuries falling for the third day in a row. British gilts, which have recently been slammed by uncertainty surrounding the post-Brexit UK outlook, surged too.

"Trump is seen as narrowing the gap with Clinton. Markets ... have succumbed to a risk-off pattern in recent days as a result," Rabobank analysts wrote in a note to clients on Wednesday.

"Whilst this is still very far from outright panic, it does indicate that market participants are taking precautions."

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