Reuters - Video

Edition: US | UK | IN | CN | JP

video Video

Bernanke steps into the spotlight
Bernanke steps into the spotlight - 02:13
The official royal wedding guest list revealed
The official royal wedding guest list revealed - 01:23
Shuttle astronauts arrive at Cape Canaveral
Shuttle astronauts arrive at Cape Canaveral - 01:18
Waiting for Bernanke
Waiting for Bernanke - 01:51
Hospital staff flee border fighting
Hospital staff flee border fighting - 01:10
Thousands at Sai Baba funeral
Thousands at Sai Baba funeral - 01:03
Al Qaeda releases hostage messages
Al Qaeda releases hostage messages - 01:43
Obama calls birth controversy \
Obama calls birth controversy "distracting" - 05:29
Three blasts hit Kirkuk
Three blasts hit Kirkuk - 01:25
Protests intensify in Yemen
Protests intensify in Yemen - 01:24
Border clashes displace thousands
Border clashes displace thousands - 01:50
S&P Credit Rating Warning Helpful - Lister
S&P Credit Rating Warning Helpful - Lister - 00:53

Stocks up but caution prevails over U.S. election

Tuesday, November 08, 2016 - 01:44

Stocks edge up as world markets brace for the outcome of one of the most contentious U.S. presidential elections in history, with most investors cautiously expecting a win by Democrat Hillary Clinton. Sonia Legg reports.

▲ Hide Transcript

▶ View Transcript

A day to remember, perhaps, as world markets brace for the outcome of one of the most contentious U.S. presidential elections in history. Trade was largely driven by cautious expectations of a win for Democrat Hillary Clinton. After world stocks started the week with their best day in four months - there was a more subdued tone with investors reluctant to make too many bets. The dollar and bond yields slipped, while stocks and gold merely edged up. SOUNDBITE (English) CHIEF ECONOMIST AT WORLD FIRST, JEREMY COOK, SAYING: "We've seen some movements in options markets which suggest downside protection - risk protection is being bought but certainly not in the same kind of levels that we saw pre-Brexit. Risk reversals in dollar/yen, for example, and not moving at the same rate as we saw for sterling/dollar or sterling against the euro pre-Brexit." Asian markets will likely be the first to find out - with results due in the early hours of Wednesday in the U.S. For some in Europe, a Trump win has few positives. (SOUNDBITE) (German) CAPITAL MARKETS STRATEGIST AT ODDO SEYDLER BANK, OLIVER ROTH, SAYING: "Donald Trump has an election manifesto which is about protectionism. This would be against the free trade concept, which most economists follow. A Trump win would massively threaten the world economy, it's not good for companies which is not good for markets. And he says he'll spend a lot of money, money he doesn't have, which means new debts, which won't be appreciated." Financial markets see Clinton as more of a known quantity. Although they'll be some keen to make money from risk, the memory of the Brexit vote is still too fresh for many. Most bookmakers and pollsters were wrong-footed in June - another shock just four months later might be harder to recover from.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Close

Stocks up but caution prevails over U.S. election

Tuesday, November 08, 2016 - 01:44

Featured Videos

Spanish paraglider becomes part of a natural phenomenon of starlings

Spanish paraglider becomes part of a natural phenomenon of starlings

Paraglider Horacio Llorens became part of a flock of starlings to embrace his dream of flying like a bird
Europe's largest freshwater aquarium opens in Switzerland

Europe's largest freshwater aquarium opens in Switzerland

It houses 10,000 fish and 100 reptiles, that are almost exclusively endangered or threatened species
Bearing up well - Duchess of Cambridge dances with Paddington

Bearing up well - Duchess of Cambridge dances with Paddington

Pregnant royal Kate dances with the famous bear at a charity event at London's Paddington station
Mice with green feet demonstrate CRISPR gene editing technology

Mice with green feet demonstrate CRISPR gene editing technology

British scientists are testing cutting edge gene editing techniques in mice, by inserting a jelly fish gene that makes their skin green
Virgin backs 'Hyperloop One'

Virgin backs 'Hyperloop One'

British billionaire Richard Branson has announced his Virgin Group will become a partner in ''Hyperloop One'', a super train conceptualized by Elon Musk to ferry passengers from New York to Washington, D.C. in less than an hour