BREAKING - European Stock Futures Slide as U.S. Election Race Tightens
(Reuters) - European stock futures fell on Wednesday as U.S. President Donald Trump took the lead over Democratic rival Joe Biden in a number of vital swing states, making the race for the White House too close to call.
Euro Stoxx 50 futures fell 0.9% at 0656 GMT, while German DAX futures shed 0.7% and UK’s FTSE futures lost 0.5%.
That contrasted with New York’s S&P 500 futures, which rose 0.3% after volatile trading overnight, while those in the tech-heavy Nasdaq jumped 2.0%.
Money managers bet on a clear victory for Biden in the election earlier this week, boosting European equities, as investors anticipated better trade ties with Washington and more economic stimulus for the coronavirus-hit U.S. economy.
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Edited 04 Nov 2020, 16:09
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