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DAILY MARKET OVERVIEW
Today's Top Market Headlines – Nov 8, 2016
European markets set for lower open ahead of U.S. election day!

European stocks are seen opening higher on Tuesday after a long rally on Monday which was primarily based on renewed hopes that Hillary Clinton will become the next U.S. President. In today’s pre European futures trading, it seems that profit taking will put an end to yesterday’s uptrend with Germany’s DAX set to open 0.3 percent lower, France’s CAC 40 seen opening 0.2 percent lower, U.K.’s FTSE set to start the day 0.4 percent lower while Euro Stoxx 50 futures point to a 0.3 percent lower open. The markets however are expected to fluctuate within the day as more insight is given on which candidate is in the lead in today’s U.S. elections!

Asian Markets head for bullish close

Asian Markets headed for yet another bullish close on market bets that Democrat nominee Hilary Clinton will win today’s U.S. presidential elections. Profits remained moderate however as China’s exports and imports fell more than expected in October, with weak domestic and global demand spreading greater doubts over the ability of the world’s largest trading nation to sustain growth.
October exports fell 7.3 percent from a year earlier, while imports shrank 1.4 percent, according to data released today. In today’s Asian Markets, Japan’s Nikkei closed flat, Australia’s S&P/ASX 200 added 0.1 percent, China A50 closed 0.4 percent higher while Hang Seng was last seen trading 0.3 percent higher as of 7:25 GMT.

Dollar and gold steady, oil prices wobble on profit taking

The greenback steadied in Asia trade today, managing to hold on to previous session gains as markets wagered on a victory for Hillary Clinton in the U.S. presidential election after the bureau cleared her of any wrongdoing in her former use of a private email server. The dollar was last seen trading at 104.4 JPY as of 7:20 GMT. Oil prices wobbled as investors sought to cash in the profits of a previous rally, causing Crude oil futures to plunge 0.2 percent at $44.82 and Brent futures to trade flat at $46.17 as of 7:20 GMT. Gold futures also held to a narrow range during Asian hours on Tuesday on a steady U.S. dollar. It is important to note that the metal dropped nearly two percent in its previous session after the a rally of the greenback. Gold futures were last seen trading 0.5 oercent at $1285.45 as of 7:20 GMT.