Premarket: Stocks slip on U.S. election anxiety; gold and bitcoin rally

European and Asian shares slipped on Wednesday on uncertainty surrounding a closely contested U.S. election, while gold hit an all-time high and the dollar hovered near a three-month high.

Gold rose to an all-time high of $2,784.82 an ounce, while the dollar bobbed near a three-month high against a basket of currencies. “The only question investors have in mind is how are the U.S. elections going to impact or challenge this kind of current state of affairs.” Earlier in Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan fell to a one-month trough and were last down 0.7%, tracking a decline in Chinese assets.

“China’s latest stimulus package appears underwhelming, with 60% allocated to local government debt relief,” said Saxo’s chief investment strategist Charu Chanana. The ADP National Employment Report is due later in the day alongside advance third quarter GDP estimates, which will come ahead of Friday’s non-farm payrolls figures.“The U.S. data is still important for this week, there’s no doubt about it,” said Khoon Goh, head of Asia research at ANZ.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Premarket: Traders await U.S. inflation test, China revives stocks rallyU.S. futures sit lower ahead of key economic release
La source: globebusiness - 🏆 31. / 66 Lire la suite »

Premarket: U.S. futures rise as chip stocks rally after TSMC results; economic data in focusEuropean stocks gain, euro weak ahead of ECB, ‘Trump trade’ lifts U.S. dollar
La source: globeandmail - 🏆 5. / 92 Lire la suite »

Premarket: Global stocks up after China shares rally, gold at all-time highOil prices are headed for their biggest weekly loss in more than a month
La source: globeandmail - 🏆 5. / 92 Lire la suite »

Premarket: Tepid start to week for world stocks, but gold, bitcoin shineTrump trades continue to gain momentum
La source: globeandmail - 🏆 5. / 92 Lire la suite »

Premarket: European stocks steady after Wall Street record, oil prices slumpChina stocks tumble on government borrowing report
La source: globeandmail - 🏆 5. / 92 Lire la suite »