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Stock markets breathe sigh of relief following FBI's Clinton verdict

The Federal Bureau of Investigation (FBI) clearing Hillary Clinton of any wrongdoing following a ...
Newstalk
Newstalk

13.44 7 Nov 2016


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Stock markets breathe sigh of...

Stock markets breathe sigh of relief following FBI's Clinton verdict

Newstalk
Newstalk

13.44 7 Nov 2016


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The Federal Bureau of Investigation (FBI) clearing Hillary Clinton of any wrongdoing following a fresh trawl of her emails hasn't just given her US presidential campaign a huge, final hurdle boost, it's also been good news for business around the world today.

With US futures jumping, stock markets rallied strongly in Asia and Europe this morning. At home, the ISEQ has shot up 133 points (+2.25%) to 6,052. The FTSE climbed 96 points (+1.4%) to 6,789. Elsewhere, the German DAX was up 170 and French CAC rose 76.

When the New York Stock Exchange rings its opening bell, Wall Street traders are expected to send share prices even higher. The US dollar has already surged after FBI director James Comey confirmed there was no new evidence found that would warrant charges against Clinton.

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The Mexican peso – which has been used as something of a US election bellwether since Republican nominee Donald Trump started talking about building his wall – strengthened over 2% against the greenback.

Bloomberg's final poll before the election, conducted between Friday and Sunday, gives Clinton a three point lead over Trump.

Newstalk will have live results coverage of the election starting at 10pm tonight on air with a special election show and live updates and analysis all night on Newstalk.com.

You can also follow along on Twitter @NewstalkFM.


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