World markets cheer FBI decision on Hillary Clinton

SansadTV Bureau

sensex-upHours after the FBI cleared Democratic Presidential nominee Hillary Clinton in the email row, world markets rallied to cheer the move.

Futures on Wall Street also rallied, with the broad- market S&P 500 index up 1.4 per cent and the Dow 1.1 per cent higher. The U.S. dollar rallied against yen and euro after the FBI review.

Australia, New Zealand and the Asian markets also caught on to the cheer. Sydney added 1.2 per cent and Wellington soared more than two per cent.

Tokyo’s Nikkei ended the morning session 1.4 per cent higher and Indian stocks too jumped. Sensex rallied over 300 points at mid-day trade reversing its five-day losing streak. It finally ended 184.84 points higher than Friday, to close at 27,458.99.

NSE Nifty reclaimed the 8,500-mark during the day before finally ending the day lower to close at 8,497.05.

Brokers said the mood turned buoyant, bolstered by a flurry of buying following a firming trend in global markets after the FBI said Clinton would not face criminal charges over her use of a private email server.

The former secretary of state is considered by most investors to be a safer, more stable bet than Trump. Trump is seen to have policies that people fear could wreck the world’s top economy.

(With inputs from agencies)