Market movers today
Today, US voters are voting in the midterms and the results are expected in the early hours of Wednesday morning (CET). Opinion polls suggest a divided Congress with the Democrats controlling the House of Representatives and the Republicans the Senate. We think the economic and market implications are limited, as economic policy is expected to remain unchanged after the election. For latest polls etc. see US Election Monitor #5 and our full take on implications see US Midterm Elections: Mostly a political event with limited implications for markets and the economy , 3 September.
In the UK, Prime Minister Theresa May's Brexit Cabinet is scheduled to meet and discuss the recent developments in Brexit negotiations.
In terms of economic data releases, we will mainly get tier-2 data releases today.
Norges Bank Governor Øystein Olsen is due to speak today.
Selected market news
Trading is quite mixed this morning with the regional equity indices in Asia showing either minor gains or losses. Yields on 10-year US treasuries and the US dollar are steady as investors await the outcome of the US midterm elections.
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