World Shares Mixed As Investors Eye U.S. Election

World shares showed mixed performance on Tuesday, with major benchmarks in Asia gaining over 1% as investors awaited the outcome of the US presidential election and other potentially market-shifting events this week, according to a report by Elaine Kurtenbach and Matt Ott for the Associated Press (AP).

This week brings multiple potential flashpoints, including the US Election Day. I Photo: Marcus A. Crawford Facebook

This week brings multiple potential flashpoints, including the US Election Day. However, results may take time as officials work to count all votes, which could lead to market volatility.

Additionally, the Federal Reserve is set to meet this week, with widespread expectations of a second consecutive interest rate cut. Futures for the S&P 500 and the Dow Jones Industrial Average were both up 0.1%.

In early European trading, Germany’s DAX slipped 0.1% to 19,125.18, while the CAC 40 in Paris dropped 0.2% to 7,356.02.

Britain’s FTSE 100 declined by 0.1% to 8,179.73. Chinese markets, however, saw a surge as investors anticipated economic support measures from Beijing during a meeting of the Standing Committee of China’s National People’s Congress. Hong Kong’s Hang Seng rose by 2.1% to 21,006.97, while the Shanghai Composite Index jumped 2.3% to 3,386.99.