Stocks Sink With Dollar Amid Electi

Stocks Sink With Dollar Amid Election Angst as BOE Boosts Pound
Rita Nazareth Rebecca Spalding
@rcurtisspalding
Susanne Barton
SuziAnn2
November 3, 2016 — 6:14 AM ICT Updated on November 4, 2016 — 4:27 AM ICT
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MEXICO CITY, MEXICO - AUGUST 31: President of Mexico Enrique Pena Nieto walks along US Republican presidential candidate Donald Trump after a meeting at Los Pinos on August 31, 2016 in Mexico City, Mexico. President of Mexico Enrique Pena Nieto invited both presidential candidates, Hillary Clinton and Donald Trump to talk about the bilateral relation between Mexico and the United States, being Trump the first one to accept the invitation. (Photo by Hector Vivas/LatinContent/Getty Images)
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Stocks declined with the dollar amid heightened anxiety before the U.S. presidential election. The pound rallied after the Bank of England said it’s no longer expecting to cut interest rates this year.
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The S&P 500 Index capped its longest run of losses since 2008 as the greenback weakened for a fifth straight day. Mexico’s peso -- a barometer of pre-vote sentiment -- climbed after two polls had Democrat Hillary Clinton leading Republican Donald Trump in the race for the White House. Sterling also rose after a court ruled the U.K. must hold a vote in Parliament before starting the countdown to Brexit. Oil sank amid concern the glut is expanding.

Opinion polls indicating a narrower lead for Clinton jolted U.S. equities out of their tightest trading range since 2006, amid uncertainty over the implications of a Trump presidency. Clinton has seen her odds of victory in the Nov. 8 vote reduced after the Federal Bureau of Investigation re-opened a probe into an unauthorized e-mail server. A Bank of America Corp. gauge tracking volatility expectations in global stocks, bonds, currencies and commodities has climbed for seven straight days, its longest rising streak since December 2013.
“Politics is clearly asserting itself as the biggest driver in global markets,” said Alan Ruskin, global co-head of foreign-exchange research in New York at Deutsche Bank AG. “It’s extraordinary how much the narrative has shifted.”
A New York Times/CBS poll found Clinton ahead 45 percent to Trump’s 42 percent among likely voters, down from a nine-point lead in the same poll in mid-October. A Washington Post/ABC News tracking poll found Clinton ahead within the margin of error, 47 percent to 45 percent, having lost ground to Trump since last week.
Stocks
The 2016 election has confounded pundits and upended precedent, spurring unusual patterns in the U.S. equity market. To wit: stocks almost always rise in the days before the country picks a president. This year, they’re falling.
The S&P 500 has advanced in the five days before the vote in 20 of the past 22 cycles, according to data compiled by Bloomberg and Bespoke Investment Group LLC. While the gauge has climbed an average 1.9 percent in the run-up to elections going back to 1928, it’s down 1.8 percent since Monday, with two trading days left until polls open.
The U.S. benchmark fell 0.4 percent to 2,088.66 as of 4 p.m. in New York, falling for an eighth straight day. During that time span, the CBOE Volatility Index has surged about 70 percent.
The election campaign’s influence on equity market sentiment has increased, though earnings season continues to have some sway.
Facebook Inc. sank 5.6 percent after executives indicated late Wednesday that the company will see slower revenue growth and higher costs. American International Group Inc. dropped after posting a profit that fell short of estimates, while Marathon Oil Corp. jumped after reporting a narrower-tha

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Cổ phiếu chìm với đồng đô la trong bối cảnh cuộc bầu cử Angst như BOE tăng Pound Rita Nazareth Rebecca Spalding @rcurtisspalding Susanne Barton SuziAnn23 tháng 11 năm 2016-6:14 AM ICT Cập Nhật ngày 4 tháng 11 năm 2016-4:27 AM ICTChia sẻ trên FacebookShare trên Twitter Tạm dừngTắt tiếngTất cả thời gian 0:01/Thời gian thực hiện thời gian 3:05Chất tải: 0% tiến độ: 0% Bật/tắt phụ đềCredit Suisse lợi nhuận ngạc nhiên như là thu nhập độ sụt Đừng bỏ lỡ ra — Theo Bloomberg ngàyFacebook Twitter Instagram YouTubeKhuyến cáoMột lá cờ Mỹ treo trên New York Stock Exchange (NYSE) ở New York, Hoa Kỳ, ngày thứ sáu 2 tháng 9, 2016. Báo cáo dài chờ đợi công việc Mỹ không làm gì để phá vỡ tedium thị trường Hoa Kỳ. Nhiếp ảnh gia: Michael Nagle/BloombergCổ phiếu hầu như luôn luôn tăng lên trước khi một cuộc bầu cử. Không phải trong năm nayĐiều này ảnh cung cấp bởi Ủy ban lâm nghiệp Alabama cho thấy một đám cháy gây ra bởi một vụ nổ dọc theo các đường ống dẫn thuộc địa ở Shelby County, Ala, thứ hai 31 tháng 10, 2016. Ngay bây giờ hai cháy rừng gây ra bởi vụ nổ có được chứa tại tổng cộng 31 dặm Anh. (Phil Montgomery/lâm nghiệp Ủy ban Alabama via AP)Điều gì sẽ xảy ra khi các đường ống dẫn quan trọng nhất ở Mỹ phát nổMEXICO CITY, MEXICO - AUGUST 31: President of Mexico Enrique Pena Nieto walks along US Republican presidential candidate Donald Trump after a meeting at Los Pinos on August 31, 2016 in Mexico City, Mexico. President of Mexico Enrique Pena Nieto invited both presidential candidates, Hillary Clinton and Donald Trump to talk about the bilateral relation between Mexico and the United States, being Trump the first one to accept the invitation. (Photo by Hector Vivas/LatinContent/Getty Images)Mexico's Government Is Working on a Trump Contingency Plan Paul Krugman's Message to the Fed: Don't Raise RatesS&P 500 posts longest losing streak since 2008 as VIX surgesMost Asian index futures signal losses with Japan to returnShare on FacebookShare on TwitterStocks declined with the dollar amid heightened anxiety before the U.S. presidential election. The pound rallied after the Bank of England said it’s no longer expecting to cut interest rates this year.Start your day with what’s moving markets.Get our markets daily newsletter.Enter your email Sign UpThe S&P 500 Index capped its longest run of losses since 2008 as the greenback weakened for a fifth straight day. Mexico’s peso -- a barometer of pre-vote sentiment -- climbed after two polls had Democrat Hillary Clinton leading Republican Donald Trump in the race for the White House. Sterling also rose after a court ruled the U.K. must hold a vote in Parliament before starting the countdown to Brexit. Oil sank amid concern the glut is expanding.Opinion polls indicating a narrower lead for Clinton jolted U.S. equities out of their tightest trading range since 2006, amid uncertainty over the implications of a Trump presidency. Clinton has seen her odds of victory in the Nov. 8 vote reduced after the Federal Bureau of Investigation re-opened a probe into an unauthorized e-mail server. A Bank of America Corp. gauge tracking volatility expectations in global stocks, bonds, currencies and commodities has climbed for seven straight days, its longest rising streak since December 2013.“Politics is clearly asserting itself as the biggest driver in global markets,” said Alan Ruskin, global co-head of foreign-exchange research in New York at Deutsche Bank AG. “It’s extraordinary how much the narrative has shifted.”A New York Times/CBS poll found Clinton ahead 45 percent to Trump’s 42 percent among likely voters, down from a nine-point lead in the same poll in mid-October. A Washington Post/ABC News tracking poll found Clinton ahead within the margin of error, 47 percent to 45 percent, having lost ground to Trump since last week.StocksThe 2016 election has confounded pundits and upended precedent, spurring unusual patterns in the U.S. equity market. To wit: stocks almost always rise in the days before the country picks a president. This year, they’re falling.The S&P 500 has advanced in the five days before the vote in 20 of the past 22 cycles, according to data compiled by Bloomberg and Bespoke Investment Group LLC. While the gauge has climbed an average 1.9 percent in the run-up to elections going back to 1928, it’s down 1.8 percent since Monday, with two trading days left until polls open.The U.S. benchmark fell 0.4 percent to 2,088.66 as of 4 p.m. in New York, falling for an eighth straight day. During that time span, the CBOE Volatility Index has surged about 70 percent.The election campaign’s influence on equity market sentiment has increased, though earnings season continues to have some sway.Facebook Inc. sank 5.6 percent after executives indicated late Wednesday that the company will see slower revenue growth and higher costs. American International Group Inc. dropped after posting a profit that fell short of estimates, while Marathon Oil Corp. jumped after reporting a narrower-tha