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Beijing time
In the early morning of March 1st,
U.S. stocks continued to close higher on Tuesday, with the Dow Jones Industrial Average rising.
As the United States begins voting for the general election, investors are waiting with bated breath for the results of the U.S. election. Although some analysts believe the outcome of the election is unpredictable, markets generally expect Clinton to win.
The Dow closed up .
points, at .
points, up .
The S&P
rose .
points, at .
points, with an increase of .
The Nasdaq rose by .
points, at .
points, with an increase of .
.
At present, the market’s attention is all focused on the US election.
Chief Economist mh
said: The market and polls indicate that Hillary will win today, but the gap in the poll support rate is very small and not enough to reassure people. Markets are more cautious following the experience of last month's Brexit referendum, when polls showed that the q-remain and q-camps had the upper hand, but the vote turned out to be a different story.
According to
preliminary voting estimates, Hillary is leading in Florida, Iowa, Nevada, Ohio and Wisconsin, while Trump is leading in Pennsylvania.
Affected by this, the Mexican peso exchange rate hit a two-month high. The U.S. dollar index hit a one-week high.
. USD/JPY rose to its highest level since March, touching .
. The euro/
dollar hit a one-week low.
Gold futures for January delivery on the New York Mercantile Exchange fell by $, or $.
, to settle at $.
dollars per ounce.
On the whole, financial markets prefer Hillary Clinton, the Democratic candidate, to win in the general election. This is because compared with Republican candidate Donald Trump (
) becoming the next U.S. president, Hillary Clinton The Chinese government is believed to bring greater stability to the market. If Hillary wins the election, the main market action will be on the US dollar, and its exchange rate will rise as a result, because the market will believe that the Federal Reserve will raise its benchmark interest rate in January, according to market research company H Market analysts
said.
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