THURSDAY, March 28, 2024
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Global stocks cautious on US election day

Global stocks cautious on US election day

London - Stock markets tread cautiously Tuesday with a late flurry of buying in Europe by investors hoping to join any post-US election rally in the case of a Clinton win.

Frankfurt and Paris both reversed earlier losses to close slightly higher, while London gained 0.5 percent, with all eyes fixed on the presidential poll pitting Democratic frontrunner Hillary Clinton against Republican Donald Trump.

"US Election Day has arrived and relief turned to cautious unease in Tuesday's trading," Jasper Lawler, analyst at CMC Markets, said in a note to investors.

"The day finished with the same quiet tone it started with. With voters hitting the booths, it's too late for any last minute news to make a difference," he added.

Shares in all main European markets, as well as the US, rallied Monday after the FBI said it would not pursue criminal charges against Clinton over her use of a private email server while secretary of state.

Clinton cast her vote near her home in New York state on Tuesday, while Trump cast his ballot near his New York home. The winner is not expected to be known before 0300 GMT.

Some 40 million Americans have already cast ballots in states that allow early voting, and opinion polls suggest that 69-year-old former first lady Clinton has a slight edge.

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