Doubts about Hillary Clinton’s ability to win a vast majority in the race for the White House have set investors on edge, since the FBI’s recent investigations into the Democratic presidential candidate’s latest email scandal. Stockholders are preparing for short-term fluctuations in the market after the election takes place on November 8.
Such uncertainty is reflected in the exchange rates. The U.S.’s vital S&P 500 index has been on a losing streak for seven days in a row, with many fleeing to the safe haven of gold. The Mexican peso, which was recognized by Credit Suisse as the “ultimate indicator” of the U.S. market, has lost more than 3 percent on the U.S. dollar in the wake of a fresh probe into Hillary Clinton’s emails.
“We are expecting a tight race,” said Martin Lück, chief investment advisor for Germany at Blackrock, the world’s largest asset manager.