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The Breakfast Briefing: : U.S. Stocks Set To Open Down As Election Day Arrives
FYI: Global stocks paused Tuesday, as investors awaited midterm elections that could change control of Congress and put a brake on much of the White House’s agenda for the next two years.
In U.S. futures, the S&P 500 was set to edge 0.1% lower while the Dow Jones Industrial Average was on course to open flat.
The cautious mood was mirrored in Europe, where the Stoxx Europe 600 was down 0.1% in early trading. The European index and its major counterparts in the U.S. all remained firmly above the lows hit during heavy October selling.
All eyes are on the U.S. midterm elections today, which have resulted in a slight risk-friendly bias to markets, but a dearth of activity,” said Kit Juckes, the London-based global fixed-income strategist at Societe Generale SA. Expectations for policy gridlock are “the corner-stone of what feels like a consensual view that growth will slow,” he wrote in a note. Regards, Ted
