News Formal

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

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 46 sec. here
  • 16 min. at publisher
  • 📊 Quality Score:
  • News: 71%
  • Publisher: 66%

Newsletter Nyheter

Marketupdate,Tsx,Stocks

Investors also prepare for economic data south of the border

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 31. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Premarket: Traders await U.S. inflation test, China revives stocks rallyU.S. futures sit lower ahead of key economic release
Källa: globebusiness - 🏆 31. / 66 Läs mer »

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
Källa: globeandmail - 🏆 5. / 92 Läs mer »

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
Källa: globeandmail - 🏆 5. / 92 Läs mer »

Premarket: Tepid start to week for world stocks, but gold, bitcoin shineTrump trades continue to gain momentum
Källa: globeandmail - 🏆 5. / 92 Läs mer »

Premarket: European stocks steady after Wall Street record, oil prices slumpChina stocks tumble on government borrowing report
Källa: globeandmail - 🏆 5. / 92 Läs mer »