Market Jitters Ahead of U.S. Election: Global Stocks Tumble

Global stocks fell for the second consecutive session as U.S. yields rose, reflecting market uncertainty ahead of the U.S. election. Democratic Vice President Kamala Harris slightly leads over former President Donald Trump according to polls. Despite market fluctuations, oil prices and gold continue to rise while the dollar strengthens.

Global stocks continued their downward slide for the second consecutive session, while U.S. yields climbed on Tuesday, amid prevailing market uncertainty fueled by the upcoming U.S. election and interest rate cut expectations.

In a close race, Democratic Vice President Kamala Harris holds a marginal lead over former Republican President Donald Trump according to a Reuters/Ipsos poll. Both candidates are striving to secure key swing states with the election looming on November 5th.

Oil prices surged for the second straight session, signaling market optimism despite Middle East ceasefire hopes fading away. Meanwhile, gold has reached a historical peak, with the U.S. dollar hitting fresh highs, suggesting investor anticipation of Fed rate cut dynamics.

(With inputs from agencies.)