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5 Things to Know in the Market on Today
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Loading...1. Financial markets continue to price in Clinton win after debate
With less than a month before the vote, global financial markets continue to view that Democrat Hillary Clinton will edge out her Republican rival, Donald Trump, in the U.S. Presidential Election. Traders are mostly expecting Democratic candidate Hillary Clinton to win the presidency and have not factored in the implications of a victory for Donald Trump. The idea of Trump in the White House is a worrying one for some investors who balk at his populist, unpredictable style.
2. Mexican peso jumps 2% after U.S. debate, Trump video fallout
The Mexican peso rallied on Monday, as markets saw less chance of a victory by Donald Trump in his U.S. presidential bid amid a scandal over vulgar comments he made about women.
3. Oil declines as markets await OPEC headlines from Istanbul
Oil prices were lower on Monday, moving away from the highest level in four months as traders eyed comments from crude producers at this week’s World Energy Conference in Istanbul.
Brent was down 23 cents, or 0.44%, to $51.70 a barrel, while U.S. crude shed 31 cents, or 0.62%, to $49.50 a barrel.
4. Global stocks mixed with U.S. debate, oil, pound in focus
U.S. stock index futures pointed to a higher open on Monday morning, with the Dow futures up 50 points, in wake of the second presidential debate between Donald Trump and Hillary Clinton. Trading volumes were expected to remain thin, with most banks and federal institutions closed for the Columbus Day holiday. That also means no major data releases are on tap for Monday.
5. Deutsche Bank shares slide after no deal reached with DoJ
In Frankfurt, shares of Deutsche Bank (DE:DBKGn) dropped almost 4% after Chief Executive John Cryan failed to reach a settlement with the U.S. Department of Justice at the weekend over the lender’s handling of mortgage-backed securities. Negotiations with the DoJ, which last month announced it may seek up to $14 billion from the bank to resolve investigations into crisis-era mortgage securities, are continuing, according to people familiar with the matter.
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