By Riva Gold
Jitters around the U.S. presidential election sent stocks lower Wednesday while haven assets climbed, just hours ahead of an interest rate decision from the Federal Reserve.
The Stoxx Europe 600 fell 0.7% in the early minutes of trading, extending its longest losing streak since February after a downbeat close on Wall Street. A new Washington Post-ABC News tracking poll Tuesday showed Republican candidate Donald Trump leading in the U.S. presidential race, after investors had broadly priced in a victory for Hillary Clinton.
Shares in Asia were red across the board on Wednesday, with Japan's Nikkei Stock Average shedding 1.8% and Hong Kong's Hang Seng falling 1.4%.As investors shied away from risk, the dollar fell 0.4% against the yen to Yen103.6290, while gold rose 0.7% to $1,296 an ounce, following on its biggest daily gain since September.
The yield on the 10-year U.S. Treasury note fell to 1.808% from 1.822% on Tuesday, while 10-year German bund yields fell to 0.136%. Yields move inversely to prices.
Later Wednesday, the U.S. central bank is widely expected to leave rates unchanged at the conclusion of its November meeting, but investors will be watching closely to see how strong a signal the Fed makes about a move higher in December.
Write to Riva Gold at email@example.com
(END) Dow Jones Newswires
November 02, 2016 04:50 ET (08:50 GMT)
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