During the election, don’t take your eyes off the market | Real Time Headlines

This report comes from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open keeps investors updated on everything they need to know, no matter where they are. Like what you see? You can subscribe here.

CNBC’s election live blog
As the results of the U.S. presidential election begin to trickle in, CNBC is reporting Instant updates. at the same time, NBC News Exit Polls The results showed that 34% of respondents said the state of democracy was the most important issue, while 31% pointed to the economy as the main issue.

Markets rise as investors await results
The U.S. market has experienced Tuesday’s broad rebound. All major stock indexes rose at least 1% as investors awaited election results. European Stoke 600 The index rose slightly by 0.06%, with most sectors Trading around flat lines. Hugo Boss Shares fell 4.3% after the company reported slowing sales in Asia due to lower demand in China.

Stock market mostly indifferent to president
Election Day in the United States is more than just a day when a country elects its president. It is also about choosing a set of policies and ideologies that will shape the global economy. But investors may be surprised to learn that the current president Little impact on the stock marketCNBC Pro’s Bob Pisani writes.

Cryptocurrency bets on elections
Coin library is one of the largest corporate donors this election cycle. Cryptocurrency trading companies have Giving over $75 million A pro-cryptocurrency super PAC called Fairshake. Cryptocurrency companies like Coinbase hope Lawmakers favor industry.

(PRO) Presidential influence over departments
trajectory S&P 500 Index As mentioned above, it is generally not affected much by who the President of the United States is. Individual industry trendsHowever, they are more sensitive to the current president because their policies tend to address specific parts of the economy. they may also give Clues about election results.

It might be tempting to view market movements as a proxy for where the election is headed. For example, Tesla It rose 3.5% on Tuesday and gained a further 1.1% in after-hours trading.

Some may view this as a sign that investors are more confident in a Democratic victory, as the party is likely to retain incentives for electric vehicle companies; others may view it as CEO Musk’s close relationship with Donald Trump A vote of confidence in the Republican Party.

Public readings of Tesla stock suggest that stock moves are mostly just that: price signals about the company’s popularity, not political indicators.

It would be more productive to focus on trade opportunities that may arise during this period of change in the White House.

Stocks could suffer post-election selloff Nomuraas “real money investors and macro hedge funds have accumulated large long positions in U.S. stocks.”

but UBS Consider any large market moves caused by election volatility to be opportunities for investors to build their portfolios. Solita Marcelli, chief investment officer for the Americas at UBS Global, wrote in a note that over the long term, “U.S. equities are attractive and should be supported by healthy growth, lower interest rates and artificial intelligence.” Underpinned by structural support, regardless of the election outcome.

Carson Group chief market strategist Ryan Detrick is also optimistic about the economy and markets.

Detrick added: “The reality is whoever gets the keys to the White House is going to have a car in pretty good shape, if you will – an economy in pretty good shape.”

While the current president may chart the direction of the market, fundamentally the economy is what drives stocks higher.

—CNBC’s Fred Imbert, Pia Singh, Jesse Pound and Samantha Subin contributed to this report.