By Jamie McGeever
(Reuters) – A look at the day ahead in Asian markets.
Global markets will be overwhelmingly dominated by the U.S. presidential election and interest rate decision later this week, so Monday’s activity may be driven by position adjustments as investors take in the latest polls, newsflow, earnings and economic indicators.
If Friday’s moves are any guide, Monday promises to be something of a rollercoaster with no clear, unifying signal. Bond yields shot up to fresh multi-month highs on election and fiscal jitters, reversing an earlier fall on the back of surprisingly weak U.S. employment data, and the dollar duly strengthened.
But Wall Street shrugged off any political or deficit fears. Latching onto strong earnings and a renewed conviction that the Fed will cut rates on Thursday – and probably again next month – stocks rallied strongly.
Can this ‘risk on’ sentiment prevail with the U.S. election so close, and with…
