Asian markets were quoted mostly on the rise on Monday morning.
In Hong Kong, the Hang Seng index was quoted around Friday’s closing level, while in mainland China, the CSI 300, which describes the performance of the most traded shares in Shanghai and Shenzhen, was up 0.5 percent.
In Korea, the Kospi had risen by 1.5 percent. The Japanese market is closed today for a holiday.
The presidential election will be held in the United States tomorrow, Tuesday. The betting odds and opinion polls are currently telling the same message: the Republican candidate Donald Trump is a pre-favourite.
Crypto exchange Polymarket currently gives Trump a 56.2 percent probability of winning and Harris 44.0 percent. Trump’s lead over Harris grew in October, but the gap has clearly narrowed in recent days. Back in late October, Harris was given a 33 percent probability and Trump about a 66 percent probability.
Interest rates on government bonds in the United States have risen at the same pace as the probability of Trump. Some experts see a causal connection here. JP Morgan’s strategists see, according to the financial magazine Forbes, that Trump’s victory in a divided Congress could raise the ten-year interest rate by 10 percentage points. Harris has no lifting effect, strategists estimate.
At 08:30, the euro fetched 1.09 dollars, 165.5 yen, 0.84 pounds and 11.6 Swedish kronor. The dollar was 151.9 yen and the pound was 1.30 dollars.
The futures predict a bullish opening for Wall Street and Europe. Euro Stoxx 50 index futures maturing in December had risen 0.1 percent, while in the United States the general index S&P 500 has risen 0.3 percent.
Source: www.arvopaperi.fi
