Emerging-Market Assets Rally as Traders Focus on U.S. Election
- Markets pricing in higher chance for Clinton victory: SocGen
- Mexican peso rises most in six weeks as currencies strengthen
How Cautious Should Markets Be Over the U.S. Election?
Emerging-market stocks gained the most in three weeks and Mexico’s peso led currencies higher as traders weighed the odds of a victory for Hillary Clinton in Tuesday’s U.S. presidential election.
Developing-nation investors perceive a Clinton win as positive after Republican candidate Donald Trump put forward anti-trade pledges that may affect ties with Mexico and China. The peso, which headed for its biggest one-day gain against the dollar since September, has been considered a barometer for investors’ views on Trump’s chances in the election. A final Bloomberg poll released Monday pointed to a slim lead for Clinton, while the Federal Bureau of Investigation a day earlier reaffirmed that Clinton’s use of private e-mail servers wasn’t a crime.