Tuesday, 1 November 2016

Believe It Or Not, A Man Called Donald

Has just send Asia's equity markets into the RED zone.
We who grew up with Donald Duck, can't believe it, but it's true, Donald Trump, has just made Asia his HUMPTY Dumpty.

Bloomberg  has got the juice here :

Asian Stocks Brace for Losses on Election Angst Amid Strong Yen
 

Havens buoyed after poll shows Trump edging ahead of Clinton

Kiwi climbs after jobs data damps outlook for more rate cuts

Asian stocks were poised to track a retreat in the U.S., with shares in Australia and New Zealand falling amid mounting anxiety ahead of next week’s presidential election. The yen maintained gains with the Swiss franc and gold, while oil extended its slide.

Futures on equity gauges from Japan to Hong Kong signaled losses after a tick-up in risk aversion sent the S&P 500 Index to its lowest point since July. The yen was near a one-week high following the steepest surge in more than two months for the franc, while gold traded close to its highest price since the start of October. Australian government debt advanced. U.S. crude fell a fourth day, ahead of an update on American stockpiles. New Zealand’s dollar rose after strong jobs data damped prospects of further interest-rate cuts there.