Stocks rallied globally as investors piled into technology and health-care firms on bets that the U.S. election results will trigger no major changes to taxes or regulations that have underpinned the bull market for years.
- Futures on the S&P 500 Index increased 1.4% as of 8:19 a.m. London time.
- The Stoxx Europe 600 Index climbed 0.9%.
- The MSCI Asia Pacific Index advanced 2.1%.
- The MSCI Emerging Market Index advanced 2.2%.
- The euro advanced 0.3% to $1.1761.
- The British pound gained 0.3% to $1.3025.
- The onshore yuan strengthened 0.3% to 6.638 per dollar.
- The Japanese yen strengthened 0.2% to 104.30 per dollar.
- The yield on 10-year Treasuries sank five basis points to 0.72%.
- The yield on two-year Treasuries decreased less than one basis point to 0.14%.
- Germany’s 10-year yield dipped one basis point to -0.65%.
- Britain’s 10-year yield fell three basis points to 0.175%.
- Japan’s 10-year yield dipped two basis points to 0.022%.
- West Texas Intermediate crude fell 0.8% to $38.83 a barrel.
- Brent crude dipped 0.7% to $40.93 a barrel.
- Gold strengthened 0.6% to $1,914.38 an ounce.