Market wrap: sentiment boosted ahead of US elections - Westpac

Analysts at Westpac offered a market wrap.

Key Quotes:

"Global market sentiment: Sentiment was positive during the NY session, boosted by early indications from prediction and betting firms favouring Clinton. The S&P500 is up 0.5%, bond yields are higher, and the AUD and NZD are stronger.

Interest rates: US 10yr treasury yields rose from 1.81% to 1.87%, while 2yr yields rose from 0.81% to 0.87%. Fed fund futures firmed, pricing an 85% chance of a rate hike in December.

Currencies:  The US dollar index is firmer. EUR fell from 1.1060 to 1.1012. USD/JPY rose from 104.40 to 105.19. AUD rose from 0.7695 to 0.7745 – a three-month high. NZD rose from 0.7330 to 0.7374 – a two-month high. AUD/NZD ranged between 1.0475 and 1.0525."