Buckle up for a day of unusual volatility

Original article by David Rogers, Andrew White, Paul Garvey
The Australian – Page: 19 & 28 : 9-Nov-16

The US presidential election is set to dominate financial market trading on 9 November 2016. Voting trends will have emerged by the time the Australian sharemarket opens, while market volatility can be expected as exit polls are released over the course of the local trading day. The Chicago Board Options Exchange’s Volatility Index has returned to its long-term average of 19, which suggests that financial markets do not anticipate that Donald Trump will win.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, CHICAGO BOARD OPTIONS EXCHANGE VOLATILITY INDEX, STANDARD AND POOR’S 500 INDEX, UNITED STATES. FEDERAL RESERVE BOARD, VOTECASTR, REPUBLICAN PARTY (UNITED STATES), DEMOCRATIC PARTY (UNITED STATES), RESERVE BANK OF AUSTRALIA, MONASH UNIVERSITY, ECONOMICS SOCIETY OF AUSTRALIA, UNITED STATES. FEDERAL BUREAU OF INVESTIGATION, AUSDRILL LIMITED – ASX ASL

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