Financial Market Preview - Wednesday 30-Oct
S&P futures are up +0.24%, pointing to a positive open today. Asian markets were mixed, with Japan's Nikkei up +1% while China markets closed broadly lower. European markets are extending recent losses in early trades. For today's highlight, Investors in Asia are turning to sovereign bonds from emerging markets in Asia (ex China) to mitigate potential volatility from the US election. Asset managers are favoring Indonesian and Philippine bonds as safe havens, with growing interest in South Korean, Thai, and Indian government bonds. Some investors are also seeking refuge in cash, Indian equities, certain Chinese market segments, and Singapore dollars. Analysts highlight increased risk for the region if the election outcome is close or contested, as seen in the 2000 US election.Companies Mentioned: EQT Corp, Caesars Entertainment, Visa