📆 Tuesday, November 5
► European equity markets traded cautiously today, with the Euro Stoxx 600 remaining range-bound as investors await the outcome of the US presidential election. The 10-year Treasury yield in Europe edged up by 2 basis points, reflecting cautious positioning. Market sentiment is mixed, with a slightly negative outlook in Frankfurt, where investors lean towards a Harris victory. Additionally, the political situation in Germany adds instability as the government faces internal disagreements on economic policy. Meanwhile, analysts note potential trade and supply chain disruptions under a potential Trump victory, which could weigh on European markets in the near term.
► U.S. equity futures edged higher, rebounding slightly after Monday’s declines. Investors are closely watching the presidential election, with polling showing a tight race between Donald Trump and Kamala Harris, and concerns over potential election disputes fueling volatility. The USD is slightly down (DXY -0.1%), while 10-year Treasury yield is little changed. With the Federal Reserve’s rate decision coming Thursday, and a heavy slate of corporate earnings, markets are bracing for a high-impact week. Analysts expect the Fed to cut rates by 25 bps (everything else would be a massive surprise) but remain vigilant for any hints of policy shifts.
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