All the Media Polls Online Can’t Predict the Electoral College

07.11.2016 • Politics and War

By Kris Sayce – Port Phillips Insider – (Australia)

It’s ‘bounce back’ time for stocks.

The Aussie S&P/ASX 200 is up 1.21%. On the futures market, the Dow Jones Industrial Average futures are up 1.19%.

Gold is down 0.9% from Saturday morning’s close.

Why?

As the Washington Post headlines, ‘FBI won’t recommend charges over Clinton emails’.

It’s a wonderful day in politics when a presidential candidate isn’t indicted…yet.

All hail the (presumptive) chief-elect…

Markets

Over the weekend, the Dow Jones Industrial Average fell 42.39 points, or 0.24%.

The S&P 500 fell 3.48 points, or 0.17%.

In Europe, the Euro Stoxx 50 index fell 18.96 points, or 0.64%. Meanwhile, the FTSE 100 fell 1.43%, and Germany’s DAX index lost 0.65%.

In Asian markets, Japan’s Nikkei 225 index is up 217.71 points, or 1.29%. China’s CSI 300 index is down 0.22%.

In Australia, the S&P/ASX 200 is up 62.48 points, or 1.21%.

On the commodities markets, West Texas Intermediate crude oil is trading for US$44.50 per barrel. Brent crude is US$45.94 per barrel.

Gold is US$1,292.81 (AU$1,683.75) per troy ounce. Silver is US$18.21 (AU$23.71) per troy ounce.

The Aussie dollar is worth 76.8 US cents.

Don’t write off a Trump win yet

So, Clinton’s gonna win, right?

Hmmm. Maybe. Possibly. Probably.

But is it a dead certainty?

Not yet, it’s not.

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