US Stocks Dip Ahead of Presidential Election

As the US Presidential election approaches, stock markets have shown volatility, with US equities finishing lower. Investors are reacting to recent polls indicating a tightening race, particularly with Vice President Harris gaining ground, leading to a decline in yields across the curve. In Australia, the ASX200 started the week positively, but uncertainty looms with the Reserve Bank of Australia's upcoming decision on interest rates. Meanwhile, PM Shehbaz announced the immediate supply of 100MW electricity to Gilgit-Baltistan, and Donald Trump, after securing a second presidential term, expressed intentions to help heal the nation. The electric vehicle policy is also anticipated to be announced by the end of November, according to government sources. Overall, market focus remains on the election outcomes, which may take longer to finalize due to their closeness.