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Investors fret over chance of Trump election win

Wednesday, November 02, 2016 - 01:20

World stocks, the dollar and oil fall as the tightening U.S. presidential race rattles investors. Hayley Platt reports.

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Markets usually go into lockdown mode before a Federal Reserve meeting. But this time investor focus is elsewhere. (SOUNDBITE) (English) FERNWEALTH, DIRECTOR OF INVESTMENT MANAGEMENT, ALASTAIR MCCAIG, SAYING: "We definitely have seen already so far this week a real risk off mentality-hit traders. I think it would be naive for market observers not to be a little bit more cautious and reduce exposure in the run up." Nervous investors are rethinking any bets of another Clinton in the White House after next Tuesday's presidential vote. World stocks, the dollar and oil all falling as a new FBI probe into Clinton's private email appears to tighten the race. (SOUNDBITE) (English) FERNWEALTH, DIRECTOR OF INVESTMENT MANAGEMENT, ALASTAIR MCCAIG, SAYING: "Should Donald Trump come to power I think there would be a lot of uncertainty hanging over the market. A lot of what he would like and has been stating he wants to see, is difficult to actually envisage coming to fruition." Currency traders were already selling off the dollar earlier week. Trump seen as preferring a weaker greenback to suit a protectionist stance on international trade. It fell again on Wednesday after posting its biggest one-day fall in two months a day earlier. Asian stocks hit a seven-week low, while European bourses followed Wall Street's lead and slid to their weakest in four months.

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Investors fret over chance of Trump election win

Wednesday, November 02, 2016 - 01:20