Tuesday, 8 November 2016

Markets rise after FBI clears Clinton

Markets rose on Monday following the FBI's announcement on Sunday that Democratic presidential candidate Hillary Clinton's handling of e-mails was not a crime.

The S&P 500 jumped 2.2 percent and the STOXX Europe 600 rose 1.5 percent.

Earlier in the day, Asian stocks had been the first to react. The Nikkei 225 jumped 1.6 percent while the Shanghai Composite rose 0.3 percent.

Oil rose, with West Texas Intermediate crude rising 1.9 percent and Brent rising 1.3 percent.

Safe haven assets fell. US 10-year Treasury yields rose five basis points to 1.82 percent.

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