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Bid Pre-Election

EQUITIES

Asia-Pacific equities rallied hard, taking their lead from Wall St. and Monday's recovery in crude prices, even as the Japanese holiday sapped liquidity from the region.

  • E-minis had a look through their respective Monday highs, before fading back from best levels, as caution remained evident ahead of the Presidential election, making the moves a little indecisive on net. A reminder that Joe Biden Remains the favourite to take the White House (per polls and betting markets), while a 'Blue Wave' scenario is priced, roughly, as a 50/50 scenario, per the latest betting market odds.
  • Ant Financial & pipeline IPO matters continued to dominate in China & Hong Kong.
  • Nikkei 255 closed, Hang Seng +2.0%, CSI 300 +1.0%, ASX 200 +2.1%
  • S&P 500 futures +13, DJIA futures +160, NASDAQ 100 +15.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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