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US markets upbeat as Clinton gains in final polls

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US markets ended their nine-day losing streak on Monday as poll momentum returned in favour of Hillary Clinton ahead of the final day of voting in this year’s presidential election.

It had been the longest losing streak for US markets in 35 years.

The S&P 500, Dow Jones Industrial Average and Nasdaq were all up above 2 per cent at the close of trading.

However, the FTSE lacked momentum when it opened today.

Interactive Investor head of dealing Andy McLevey says: Having had their fingers burnt in the aftermath of the EU referendum it’s of little surprise many have paused for breath as despite polls signalling a Clinton victory seems likely it is still too close to call and we may see some jitters as the day progresses.” 

According to Reuters/Ipsos polling, Clinton has “about a 90 per cent chance” of winning the election.

FiveThirtyEight polls put Clinton’s chances lower at 71.9 per cent. Before the FBI announced it was investigating emails connected to a top Clinton aide the polling website had put the Democratic nominee’s chances close to 90 per cent.

The FBI announcement that the emails it had found were replicates of those they had already investigated prompted markets around the world to rally.

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  1. Isn’t that what happened to UK markets a few days before the EU Referendum because it seemed likely the Remain camp would win. So expect Trump to win!

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