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Morning Bid: So much for a quiet day before the US midterms
Reuters • • business
Key Points:
- US midterm election voting begins Tuesday amid market volatility, with Democrats favored to win the House and a close Senate race; prediction markets show about 76-77% chance of Democratic Senate control but traders remain cautious.
- S&P 500 e-mini futures declined for a fourth consecutive day by 0.1%, while European futures also fell, including a 0.9% drop in pan-region futures and 0.8% in German DAX futures; Japanese markets were closed for a holiday.
- Oil prices stabilized with Brent crude rising 0.4% to $105.19 amid ongoing US-Iran tensions following US strikes on Iran's Qeshm Island, impacting investor sentiment on peace talks.
- Key economic events on Tuesday include France’s September budget balance release and government debt auctions in Germany (5-year) and the UK (10-year), alongside corporate earnings reports from Europe and North America.
