India

US Futures Flat, Rebound From Session Lows On Rising Election Jitters

Asian stocks, S&P futures and European shares trade flat as a tightening race for the U.S. presidency spurs demand for haven assets including the yen while weighing on stocks and Mexico’s peso. A turbulent overnight session saw some early risk off following the plunge in Facebook shares and the Fox News report that an FBI probe into the Clinton foundation may lead to a "likely indictment."

Leaked Emails Expose Clinton Foundation 'Pay-To-Play' With Oligarch "To Show Support For Ukraine"

The latest release shows more Clinton Foundation pay-to-play arrangements, not with Moroccan kings or Saudi princes, but with a Ukraine oligarch. "Are folks comfortable offering Victor a private meeting on one of those dates? At this point I get the impression that although I keep saying WJC cares about Ukraine, Pinchuk feels like WJC hasn’t taken enough action to demonstrate that..."

Frontrunning: November 1

  • There is a bubble in articles about China's bubbles: Asset Bubbles Threaten China’s Economy (WSJ)
  • Hillary Clinton’s Wall Street Fundraising Benefited From Loophole In Federal Anti-Corruption Rule (IBT)
  • Clinton and Trump Prepare for Possibility of Election Overtime (BBG)
  • Trump Leads Clinton by 1 Point in New Poll as Enthusiasm Declines (ABC)
  • Investigating Donald Trump, F.B.I. Sees No Clear Link to Russia (NYT)