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Elections USA 2020: Today, November 3, is the great day of the vote to choose who will lead the American power between Biden me Triumph.
too financial markets they await the polls with dread, suggesting positive sentiment after turbulent days for indices around the world.
In Asia registered a meeting and in Europe Markets are expected to open in hopes of having a The american president which gives stability. However, the White House elections could still bring negative surprises, such as contesting the results: it would be one more shock for the stock markets and global economic stability.
Positive markets: US vote expected.
Today, Tuesday, November 3, Asian investors were encouraged by encouraging manufacturing data from major economies and a more realistic Democratic victory scenario according to the latest polls.
The MSCI index won the1.2%, for the second consecutive session. The indicator is just 1% lower than the peak reached in mid-October and has so far risen 5% this year.
I future sulle US stocks They were up in overnight trading, with the Dow up 214 points. S&P 500 and Nasdaq 100 futures also traded in positive territory.
Refering to European Stock Exchanges, the open is estimated to be higher. According to IG, the London FTSE will trade with 47 points more at 5,703, the German DAX with 102 points more at 11,881, the CAC 40 of France with 42 points at 4,728 and the FTSE MIB in Italy.
with 170 points more to 18,491.
the positive feeling It is part of a more optimistic framework, especially in the field of macroeconomic data. L ‘manufacturing activity The United States rose more than expected in October, with new orders surging to a nearly 17-year high, while Chinese industry grew the fastest in a decade and euro zone manufacturing also accelerated.
Analysts argue that the prospect of a stagnation in US presidential results is the greatest resistance in the markets. Trump follows Biden on polls national opinion, but the race is closer in the field.
The message of stability for the markets will only arrive with a homogeneous composition of the Senate, according to Alvin Tan, Asian currency strategist at RBC Capital Markets: any scenario that sees a blue victory (by Democrat Biden) It won’t be really positive without a compactness even among senators.
A government divided into institutions, in fact, would still mean a slippage of fiscal incentives.
Markets are therefore awaiting the 2020 US elections.