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DAILY MARKET OVERVIEW
Today's Top Market Headlines – Nov 2, 2016
European markets seen opening lower on US election uncertainty

European markets are seen opening lowed today as doubts over the U.S. election overwhelmed investor sentiment. Investors are currently reconsidering their bets on a Clinton victory as opinion polls started indicating Trump was in the lead. The American voters seem to be more torn than ever, after the bureau reopened investigations on Hillary Clinton’s use of an old private email server while she was the Secretary of state while the Clinton campaign is asking the FBI to disclose information on any ties between her opponent, Donald Trump, and Russia. In today’s futures trading most major European indices are seen opening significantly lower with Germany’s DAX losing 0.5 percent, France’s CAC 40 o.3 percent, U.K.’s FTSE 100 dipping 0.2 percent and the Euro Stoxx starting the day 0.4 percent lower.

Oil continues to plummet on rising stockpiles…

Crude oil prices fell for a fourth consecutive day today, with unsettled investors awaiting official U.S. stockpile data later in the day after less comprehensive industry figures revealed a surprise build in inventories. Specifically, The American Petroleum Institute (API) stated that crude stockpiles increased by 9.3 million barrels in the week to Oct. 28, which was more than nine times the forecast. In today’s oil markets, crude oil futures lost 0.8 percent to last trade at $46.30 while Brent oil futures lost 0.5 percent to last trade at $47.87 as of 7:45 GMT.

Asian Markets drop more than 1 percent

Most Asian indices dropped more than 1 percent after the U.S. presidential election’s “fear index”. Some polls have put Trump ahead of Clinton for the first time after the bureau reopened investigations on the former secretary of state’s use of a private email server. Given Trump’s controversial policy platform of re-looking at trade deals investor sentiment was dampened leaving the Asian Markets to plummet. Indicatively, Japan’s Nikkei 225 lost 1.8 percent to close at 17134.68, Australia’s S&P/ASX 200 plummeted 1.2 percent at 5228.99, South Korea’s KOSPI slipped 1.4 percent to close at 1978.94, ChinaA50 dipped 0.9 percent to close at 9827.79 while Tokyo’s Hang Seng lost 1.4 percent to last trade at 22821.00 as of 7:40 GMT. India’s Nifty is also locked for a bearish close having lost 1.1 percent for the day to last trade at 8534.30 as of 7:40 GMT.