Tuesday, November 1, 2016

Uncertainty in the elections throws Wall Street for losses – Jornal de Negócios – Portugal

The trading in the markets the american began the month of November in the ground negative, with losses to be generalised to the major indexes, faced with new uncertainties in relation to the outcome of the presidential elections in the United States, scheduled for within a week.

The S&P 500 ended the session in 2.111,75 points (on Friday the fall and the minimum of July after a decline of 0.68%), while the technological Nasdaq yielded 0,69% to 5.153,68 points. The industrial Dow Jones also not escaped the trend and ended the day with losses of 0.58% for 18.037,1 points.

On the day they were known polls that give the advantage to the republican candidate Donald Trump, who has campaigned on the basis of a discourse protectionist, is given as having passed the opposing democrat Hillary Clinton in a poll by ABC News/Washington Post that gives 46% support the Trump and 45% Clinton.

“The latest information puts the election in question. Before that it seemed that the Sr. ª Clinton would win. (…) There are many question marks and as a whole becomes more indefinite as we get closer to next Tuesday [date of election] the market will have less liquidity and more volatility,” said Charles Comiskey, of the Bank of Nova Scotia, to Bloomberg.

The risk aversion benefited however the assets of haven as the swiss franc or the japanese yen against the dollar, as well as the price of gold. The session on the european stock exchanges had also been negative, marked by business results, leading the Stoxx 600 to fall for the seventh session in a row.

on Wednesday investors will be looking forward to the meeting of the Federal Reserve, which ends his second and last day of the meeting and where it should stay ajar the door to the decision in December of a new rise of interest in the largest economy in the world.

to morrow, but before the opening of markets in New York, it is expected that dissemination of the results of the two tech giants – Alibaba and Facebook.

The retail electronic chinese should have seen the net result in the third quarter cut to less than half compared to the same period of 2015, to 1.04 billion dollars, according to analysts from Capital IQ. Already the social network will have had a shooting of 54% in revenue compared to the same period last year, in the fourth consecutive quarter of gains, according to analysts polled by Reuters.

(News updated at 20:41)

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