� The US market turned in a buoyant performance on Election Day.
� Major stock indexes rose, in a day with pockets of volatility around the so-called Trump trade.
� Some proxies for expectations of a Donald Trump victory gained ground early in the day only to give up those gains in the afternoon.
� Trump Media shares ended lower on the day, while bitcoin prices ended the day higher.
� Meanwhile, 10y yields finished lower after rising earlier in the day.
� It�s a mixed Asian session, Aus and Japan are higher while Hong Kong is lower.
� Kiwi unemployment rate rose less than forecast. Tencent -2.3% vs ADR +2.3%.
� Sizable move in the greenback, gaining ground against both majors and EMFX � ZAR 17.70. Peso, yen and euro among the standout losers.
� Yields are higher in early trade: US2y 4.26/US10y 4.39.
� Commodities are weaker, oil down >1% and both base and precious metals are also in the red � copper and iron ore among the standouts on the down.
� It�s too early to call, but it�s clear that Trump is putting in a strong showing.
� Fox already out with headlines like �Rep wins control of Senate�.
� The rand is weaker this morning, at R17.68/$, after closing stronger yesterday (R17.37/$*).
Key events and data:
� 11h00: Eurozone HCOB services and composite PMI (October � final)
� 12h00: Eurozone PPI (September)
� 14h00: US MBA mortgage applications (1 November)