Markets Waver as Election Looms, Yields Rise and Oil Surges

Global shares declined as U.S. yields rose amid pre-election volatility. Wall Street's major indexes dipped, and Fed rate cut expectations influenced dollar strength. Rising oil prices and economic growth prospects contributed to market dynamics, with key indices reflecting investor caution in anticipation of election outcomes.

Global markets are experiencing turbulence as investors brace for the upcoming U.S. elections. A Reuters/Ipsos poll shows Democratic Vice President Kamala Harris narrowly leading Republican contender Donald Trump, intensifying the focus on swing states.

Main U.S. indexes have recorded decreases, influenced by losses in key sectors. The Dow Jones, S&P 500, and Nasdaq Composite all reported slight declines as companies disclosed quarterly results. The pan-European STOXX 600 also saw a small drop.

Interest rates and economic growth expectations are in the spotlight. The Federal Reserve is widely anticipated to implement a quarter-point rate cut at the upcoming meeting. Meanwhile, oil prices surged due to geopolitical tensions and economic stimuli, with Brent crude and West Texas Intermediate reaching new highs.

(With inputs from agencies.)