Publicado: Jue, Noviembre 08, 2018
Financiera | Por Marilu Caballero

Stocks Struggle Before US Midterms; Dollar Rises: Markets Wrap

Stocks Struggle Before US Midterms; Dollar Rises: Markets Wrap

Additionally, there were also signs that a trade agreement between the U.S. and China still seems a long way off, with no resolution in sight.

Futures on the Dow, Nasdaq and S&P 500 falling alongside those in Asia after US economic adviser Larry Kudlow downplayed the potential for a quick US-China deal. The dollar climbed against most of its major peers, with the pound standing its ground on signs of further progress in Brexit negotiations.

Japan's Topix index fell 0.6 per cent as of 11:22am in Tokyo. Treasuries edged higher and the dollar climbed, while the pound strengthened amid signs the United Kingdom and European Union are closer to breaking the Brexit deadlock. NY time; the Nasdaq Composite added 0.8 percent.The Stoxx Europe 600 Index dipped 0.2 percent.The MSCI Emerging Market Index rose 0.2 percent. The S&P 500 Index closed down 0.6 per cent on Friday while the Nasdaq 100 Index fell 1.5 per cent.

Politics, geopolitics and central banks will be the focus of the week for investors with the U.S. midterm elections likely to dominate coverage early on, seen as a referendum on the policies of President Donald Trump.

Voter help hotline busiest in decades with concerns, polling place issues
Among some polling sites with issues was P.S. 81 in Riverdale, where scanners were down starting at around 3:30 p.m. The Division monitors elections to help determine compliance with these voting rights statutes.

The Bloomberg Dollar Spot Index declined 0.1 percent.The euro advanced 0.1 percent to $1.1417.The Japanese yen fell 0.1 percent to 113.28 per dollar.The British pound added 0.3 percent to $1.3079, the strongest in nearly three weeks.The MSCI Emerging Markets Currency Index was little changed. And the price of gold also slipped by 0.1% to trade at $1,231.52 per ounce.

Government bonds in Europe and the US were mixed, but mostly little changed. The euro traded at US$1.1388 while the pound gained 0.1 per cent to US$1.2988. On the Brexit front, Prime Minister Theresa May is due to discuss the latest proposals with her cabinet Tuesday. Investors then turn their eyes to the Fed's policy meeting.

Elsewhere, oil was on track for its seventh day of declines. West Texas Intermediate crude lost 0.7 per cent to US$62.68 a barrel.

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