Market Moves: Stocks Rise Amid Election Anticipation

Global stocks and Treasury yields experienced an uptick as markets await early indicators of the U.S. presidential election outcome. Despite currency markets showing volatility, measures like the VIX index suggest relative market calmness. Anticipation surrounds the Federal Reserve's meeting, with potential interest rate cuts on the horizon.

World stock markets recorded gains, while Treasury yields saw a rebound on Tuesday, with the volatility index showing signs of retreat. Market watchers are eagerly waiting for early clues regarding the outcome of the closely contested U.S. presidential election, amid indications of tension particularly visible in currency markets.

The VIX index, commonly referred to as Wall Street's fear gauge, showed decreased volatility, pointing to a certain level of calmness in the market. Analysts highlighted that despite fluctuating predictions, the likelihood of a 'Red Wave' or a Republican-led victory held sway, with the possibility of a Democratic President and a split Congress not far behind.

Global equity indices showed positive movement with MSCI's global stock measure rising alongside the S&P 500, Dow Jones, and Nasdaq on Wall Street. Investors remain braced for potential turmoil in Treasury markets as they anticipate the Federal Reserve's decision potentially cutting interest rates. Market dynamics reflect the anticipation and strategic positioning ahead of the election result announcements.

(With inputs from agencies.)