The Mexican peso and U.S. stock futures rose as investors saw less chance of Republican nominee Donald Trump winning next month’s presidential election, while sterling was under pressure after Friday’s “flash crash” in the British currency.
Futures on the S&P 500 ESc1 and Dow Jones industrial average 1YMc1 were up about 0.4 percent, suggesting Wall Street will open higher. U.S. stock markets are open on Monday, though the bond market is closed for the Columbus Day holiday
The pound initially dropped half a percent against a dollar boosted by expectations the Federal Reserve will raise interest rates in December even after weaker than expected jobs data on Friday.
Forget ‘Peak Oil’: We Could Reach ‘Peak Demand’ for Energy Before 2030
Who Are the World’s Largest Energy Producers?
May Says Expects to Guarantee Rights of EU Citizens in UK After Brexit
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Craig Erlam
Latest posts by Craig Erlam (see all)
- OANDA Market Insights podcast (episode 36) - 10/19/2018
- Asia rebound leads europe higher - 10/19/2018
- Fed minutes rattle investors - 10/18/2018