– There is room to move in all directions here – E24

US futures trading is closely watched by the financial world on Wednesday, as votes are counted in the presidential election.

During the evening and morning hours, trading has fluctuated a lot. After the stock market boom, the pendulum has swung the other way again.

• At around 9 o’clock, Nasdaq futures rose 0.5 percent after the rise was more than three percent.
• The broad S&P 500 futures index was down 1.18 percent at the same time, but was up 1.31 percent in the 1950s. Dow Jones futures fell 1.52 percent.

The latest development comes after Donald Trump took the podium. He believes that victory is in the bag and warns that he will ask the Supreme Court to evaluate the outcome of the elections.

However, it is not yet clear who will win.

– We don’t know who will win. This can be a long process if you are unlucky. Here, there is room for movement in all directions, says head of analysis Pål Ringholm at Sparebank 1 Markets at E24.

– Markets like that are about to end

Ahead of Election Day, multiple analysts have said clarifying who wins is the most important thing to markets, regardless of whether it’s Donald Trump or Joe Biden. A situation in which the decision is prolonged in time will be negative, noted investor Håkon Sæter, among others.

– It is a bit special at the moment, as you have ended up in the situation you could have feared in relation to the market, as this is currently unclear. In that sense, it’s strange that markets react so positively, said chief investment officer Leif-Rune Rein at Nordea Liv when stock market arrows pointed up at seven o’clock.

Even though the choice may still tilt both ways, Rein believed that the markets had started trading in the sense that there was only one clarification in a reasonable time.

– It seems that markets like the ones we are about to complete with this, he said.

The crown grows weak

Until this, it was a relatively turbulent night in the markets. Futures trading pointed lower early on after it became clear that the important state of Florida, which is on a seesaw, was much more exciting than the market had likely planned. At seven o’clock it has become clear that Trump is winning the state.

The price of oil also fluctuates a lot. At the time of writing, a barrel of North Sea oil costs $ 39.66 a barrel, 1.25 percent less.

In the currency market, the dollar strengthens against the crown and the euro. Now a dollar costs 9.51 crowns, which is 14 øre more than at midnight. Against the euro, the dollar has strengthened 0.55 percent, which means that a dollar now costs 0.8580 euros.

Handelsbanken’s currency strategist Nils Kristian Knudsen believes that the uncertainty puts a brake on the Norwegian krone and believes it will continue until the election result is clear.

– We will probably see in the coming days that the exchange rate of the krone can fluctuate a lot, as it has done since Thursday of last week, he says.

The choice also affects Asian stock exchanges, which largely signal:

• The Nikkei 225 in Tokyo is up 1.94 percent
• Kospi in Seoul up 1.88 percent
• Hang Seng in Hong Kong is up 0.14 percent
• Shanghai Composite is up 0.11 percent
• FTSE Straits Times increases 0.83 percent
• The ASX 200 in Sydney is down 0.07 percent

As the clock approaches seven thirty, Joe Biden continues to lead the number of voters. In total, he has been awarded with 223 voters after, among other things, ensuring victory in the overturned state of Colorado, reports the AP news agency according to WSJ.

By comparison, Donald Trump has received 212 votes, after, among other things, securing Florida.

To win the election, presidential candidates depend on winning 270 voters.

Get the latest news on the presidential elections here!