European stock markets opened lower under the US election

In Europe, the main stock indices opened on Tuesday without a clear direction. In London, the FTSE 100 was quoted close to yesterday’s closing level. In Paris, the CAC 40 was down 0.3 percent. In Frankfurt, the DAX had fallen by 0.2 percent.

The pan-European Stoxx Europe 600 was down 0.2 percent.

In the morning, results reports were received from a few large European companies. A Danish specialist in wind power I vested the stock opened down 5.7 percent after the company’s report.

The adjusted operating result clearly fell short of analysts’ expectations. The result was 235 million euros, while analysts expected a result of 353 million euros. However, the Bloomberg news agency’s analyst team pointed out that the decreased steel price and the increased turbine prices support the company’s medium-term outlook. In addition to profitability, analysts believe in higher turnover.

The British asset manager Schroders also reported on its results. The assets managed by the company were at the level of analysts’ expectations. In the third half of the year, however, assets of approximately three billion British pounds flowed out of the company’s investment products. The soon-to-be CEO is in office Richard Oldfield warned that more could be coming. The share was quoted down 13.4 percent.

Today’s US presidential election is being followed in the market.

According to crypto exchange Polymarket, investors are currently expecting the Republican candidate would win with a 59 percent probability. Democrats Horrible Harris the winning probability is 41 percent.

The probabilities have varied considerably in recent days. Harris’s probability was at its highest a few days ago at 47 percent, but has turned down again.

There has been talk in the media lately that betting coefficients would be used to influence opinion. However, historically, the market has been relatively effective in predicting the winner. Since 1872 according to the market, the most likely candidate has won 77 percent of the presidential elections.

Futures anticipate an upswing in the United States. The general index S&P 500 had risen by 0.04 percent, while the technology-focused Nasdaq 100 had strengthened by 0.1 percent.