Shares are set to rise at the open; US jobless rate poised to edge higher; haven rush on investor minds after the assassination attempt on former US president. Follow here for more.
Traders will initially rush into haven assets and re-evaluate trades most linked to former US President Donald Trump’s candidacy after he was shot at a rally, according to market watchers. “Undoubtedly, there’ll be some protectionist or haven flows in the Asia early morning,” said Nick Twidale, chief market analyst at ATFX Global Markets. “I’d suspect gold could test all-time highs, we will see the yen getting bought and the dollar, and flows into Treasuries too.
” However, early market commentary suggests the shooting will boost Mr Trump’s chances of winning the election, which will shift focus to securities most exposed to his policies and may ultimately be negative for Treasuries. Assets linked to the so-called Trump trade range from the US dollar to Treasuries to the shares of private prisons, credit-card companies and health insurance firms.
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