The race to the White House

Yesterday’s markets

8th November 2016

  • EUR German Factory Orders m/m: -0.6%
  • GBP Halifax HPI m/m: 1.4%
  • EUR Eurogroup Meetings
  • CNY Trade Balance
  • EUR Retail PMI: 45.8

Clinton’s campaign was given a huge boost as the FBI cleared her of any wrongdoings in their investigation of the latest batch of emails. FBI Director James Comey told Congress his agency’s review had found nothing to alter its original conclusion. In July, he said Mrs Clinton had been careless but not criminal in handling sensitive material on her private email server as secretary of state. Despite this, Trump is still polling well and the margin between the two is still incredibly close.

In other news, UK Prime Minister Theresa May is on a three day visit to India. So far the trip has not gone to plan as May has clashed with her Indian counterpart Narendra Modi over immigration controls. The PM has also failed to organise a meeting with senior figures at Tata Group. May has been under scrutiny ever since last week’s shock decision from the High Court that ruled against the government in a lawsuit on whether triggering Article 50 to begin the Brexit process would require a vote in parliament.

Today’s markets

7th November 2016

  • EUR ECOFIN Meetings
  • GBP Manufacturing Production m/m
  • CAD Building Permits m/m
  • USD Presidential Election
  • USD Mortgage Delinquencies
  • CAD Gov Council Member Schembri Speaks

All eyes will be on Today’s election and tonight’s results when we see who will be elected President; Donald Trump or Hilary Clinton. The results will filter through the night with the first results from Georgia, Indiana and South Carolina scheduled at 12am. UK should know who wins by 4am, with official announcements at 6am after Alaska. The polls are tied and at current time the bookies have Clinton 4/9 and Trump 2/1.