September 27, 2016

THE WISDOM OF THE MARKETS:

Markets Bet On Hillary Clinton After First Presidential Debate : Investors appear to be betting that the debate shifted support toward Hillary Clinton (RIVA GOLD,  Sept. 27, 2016, WSJ) 

Stocks recovered, the Mexican peso soared and haven assets retreated on Tuesday as investors bet a debate between the two presidential candidates shifted support to Hillary Clinton over Donald Trump.

Shares in Japan, Hong Kong and Shanghai rose during Monday night's debate and closed higher, led by companies with big ties to the U.S., while futures pointed to a 0.4% opening gain for the S&P 500.

Many market participants said they believe a Clinton victory would offer more support to risk-assets such as stocks at least in the short term, amid greater clarity on her policy stance.

Asian stocks rise as markets give thumbs up to Hillary Clinton in presidential debate (Kedar Grandhi, September 27, 2016, IB Times)

The 90-minute debate between the Democrat and Republican presidential candidates took place on Monday night (26 September), the first of three before the November elections. Clinton is said to have appeared relaxed and in control throughout most of the debate. She was seen as the debate's winner, with many praising her ability to effectively slam Trump with facts and figures.

Sean Callow, an analyst with Westpac in Sydney, said: "Markets started to call the debate for Hillary within the first 15 minutes or so, with the Mexican peso surging in what is probably its busiest Asian session in years... The bounce in S&P futures, AUD and USD/JPY all show that investors were watching closely and didn't hesitate to declare Trump the loser."

Posted by at September 27, 2016 6:06 AM

  

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