Stock markets climb, dollar dips as US votes [Video]

Major stock markets mostly rose and the dollar remained under pressure Tuesday as Americans cast votes in a knife-edge presidential election.

Wall Street’s main indexes, which had fallen the previous day, rebounded after voting began in the world’s biggest economy.

In Europe, London dipped 0.1 percent as investors await an interest-rate decision by the Bank of England on Thursday while Paris and Frankfurt ended the day with modest gains.

Equities in Shanghai and Hong Kong won strong support from hopes over China’s economy.

The dollar weakened against the euro, the British pound and the yen.

Kathleen Brooks, research director at XTB, said markets have priced in a victory by Donald Trump and thus a win by Kamala Harris would be a surprise that causes short-term volatility.

“A win for Harris could lead to a short term sell off in the dollar, gold and potentially in US stocks,” she said in …