U.S. election week, data and earnings
European markets were mixed on Monday, with all eyes on the U.S. presidential election due to take place on Tuesday.
The pan-European Stoxx 600 was last 0.06% higher at 9:00 a.m. London time, with regional bourses and sectors painting a mixed picture. Autos added 0.6%, while tech stocks dipped 0.62%.
Global markets are gearing up for a key week, with the latest U.S. presidential election poll from NBC News showing a “deadlocked race” between former President Donald Trump and current Vice President Kamala Harris.
Global market aftershocks may hinge heavily on which party takes charge of Congress as a result of the vote. A divided U.S. House of Representatives and Senate would likely maintain the political status quo of the world’s largest economy. A Republican or Democratic sweep, however, would likely be coupled with a White House victory for the same party, and could translate into fresh spending plans or a tax overhaul.
Asia-Pacific markets rose Monday, while U.S. stock futures were mixed in overnight trading on Sunday.
— CNBC’s Samantha Subin contributed reporting to this markets blog.
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