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Markets

Markets rally on Clinton's FBI boost

Opening sequence

Opening sequence

Markets

Markets rally on Clinton's FBI boost

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COMING UP:Markets rally on Clinton's FBI boost

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Transcript

00:00:01
>> On the eve of voting day in the US, investors betting on a Clinton win. An FBI bombshell sending share markets soaring on Monday.>> Stocks are up. Oil is up.>> Reuters Jamie McGeever has been watching the markets. After the FBI again cleared Democrat Hillary Clinton of criminal wrongdoing over her use of a private email server.
00:00:22
The senator's thought to have buoyed her chances, knocking back Republican Donald Trump, and pleasing investors.>> Last week when the polls were tightening, the polls were narrowing and it seemed like the chances of a Trump victory were certainly on the increase. Markets have drew in their horns a bit, strong gains in gold, the Swiss Franc and government bonds, the traditional safe haven assets.
00:00:42
This week, it's kind of a reversal of those trades, very much risk on if you like. Emerging market stocks are up for example and the Mexican Peso which was seen as a kind of bellwether off the Trump trade and that's rallied strongly. It's up 2% in early trade on Monday.
00:00:56
>> US markets set for their biggest jump in two months, on track to snap a nine-day losing streak. And Wall Street's so-called fear gauge, the volatility index was down, suggesting investors expect smoother sailing in the days ahead. But in an election which has been defined by its upsets, might they be in for another shock.
00:01:18
>> Never say never.