Futures gain as voting to elect next U.S. president begins
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
Trump leads in betting markets, polls show tight race
Palantir soars after raising its annual revenue view
Boeing gains as workers accept new contract offer
Futures up: Dow 0.09%, S&P 500 0.2%, Nasdaq 0.37%
Updated at 7:15 a.m. ET/1115 GMT
By Lisa Pauline Mattackal
Nov 5 (Reuters) -U.S. stock index futures rose on Tuesday as voting began in a tightly contested U.S. election, with traders girding up for volatile trading over the next few sessions until a clear winner is declared.
Both Republican candidate Donald Trump and Democrat Kamala Harris predicted victory on Monday, while polls showed the race as extremely close with the final results expected to take days.
However, betting market odds, which many investors over the past few months have been relying to predict the outcome, showed the former president as the frontrunner.
Stock futures gained as U.S. Treasury yields eased slightly, while investors looked ahead to an interest-rate cut by the Federal Reserve on Thursday. MKTS/GLOB
Equity markets were more settled than bond and currency markets where volatility measures rose sharply.
The VIX .VIX, Wall Street's "fear gauge", rose to 21.95, above its 30-day moving average of 19.65, but below the two-month high it hit last week.
"High-level US equity action has been hard to ascribe to politics alone as really there is no clear frontrunner in the presidential election, and full government control for either party is far from certain as well," said Scott Chronert, U.S. equity strategist at Citi.
Investors are also keeping an eye on Congressional elections to determine the balance of power in Washington. Many analysts predict a split government, which would limit the ability of the President to enact significant policy changes.
Rate-sensitive megacap growth stocks rose in premarket trading, with Nvidia NVDA.O up 0.9% and Alphabet GOOGL.O adding 0.5%. Tesla TSLA.O gained 1.8%.
Stocks viewed as bets on a win for the former president rose in choppy trading, with Trump Media & Technology Group DJT.O last up 9.7%, and software developer Phunware PHUN.O gaining 7.8%.
Dow E-minis 1YMcv1 were up 37 points, or 0.09%, S&P 500 E-minis EScv1 were up 11.75 points, or 0.2% and Nasdaq 100 E-minis NQcv1 were up 74.25 points, or 0.37%.
Boeing BA.N gained 1.6% as a prolonged and crippling strike ended after factory workers accepted a new contract offer.
Palantir PLTR.N soared 14.4% after the data analytics firm raised its annual revenue forecast for the third time on the back of demand for its AI platform.
Adding to the action-filled week, the Federal Reserve will start its November meeting on Wednesday. Markets have priced in a 25-basis point cut to the benchmark interest rate, but the outlook for future easing has grown uncertain as data points to a strong economy.
On the data docket, September international trade numbers and October S&P Global and ISM services PMI are expected, while a handful of companies would report quarterly earnings before the bell.
CBOE Volatility Index https://reut.rs/3YQA6Dq
USA-ELECTION/STOCKS Wall Street performs better under a unified government but... https://reut.rs/4hbOKMJ
Reporting by Lisa Mattackal, Shashwat Chauhan and Medha Singh in Bengaluru; Editing by Arun Koyyur
Asset collegati
Ultime news
Disclaimer: le entità di XM Group forniscono servizi di sola esecuzione e accesso al nostro servizio di trading online, che permette all'individuo di visualizzare e/o utilizzare i contenuti disponibili sul sito o attraverso di esso; non ha il proposito di modificare o espandere le proprie funzioni, né le modifica o espande. L'accesso e l'utilizzo sono sempre soggetti a: (i) Termini e condizioni; (ii) Avvertenza sui rischi e (iii) Disclaimer completo. Tali contenuti sono perciò forniti a scopo puramente informativo. Nello specifico, ti preghiamo di considerare che i contenuti del nostro servizio di trading online non rappresentano un sollecito né un'offerta ad operare sui mercati finanziari. Il trading su qualsiasi mercato finanziario comporta un notevole livello di rischio per il tuo capitale.
Tutto il materiale pubblicato sul nostro servizio di trading online è unicamente a scopo educativo e informativo, e non contiene (e non dovrebbe essere considerato come contenente) consigli e raccomandazioni di carattere finanziario, di trading o fiscale, né informazioni riguardanti i nostri prezzi di trading, offerte o solleciti riguardanti transazioni che possano coinvolgere strumenti finanziari, oppure promozioni finanziarie da te non richieste.
Tutti i contenuti di terze parti, oltre ai contenuti offerti da XM, siano essi opinioni, news, ricerca, analisi, prezzi, altre informazioni o link a siti di terzi presenti su questo sito, sono forniti "così com'è", e vanno considerati come commenti generali sui mercati; per questo motivo, non possono essere visti come consigli di investimento. Dato che tutti i contenuti sono intesi come ricerche di investimento, devi considerare e accettare che non sono stati preparati né creati seguendo i requisiti normativi pensati per promuovere l'indipendenza delle ricerche di investimento; per questo motivo, questi contenuti devono essere considerati come comunicazioni di marketing in base alle leggi e normative vigenti. Assicurati di avere letto e compreso pienamente la nostra Notifica sulla ricerca di investimento non indipendente e la nostra Informativa sul rischio riguardante le informazioni sopra citate; tali documenti sono consultabili qui.
