US markets end losing streak as Clinton gains in final polls


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.

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

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