Global stocks rally

On Monday global stocks rallied with commodities and the Mexican peso on speculation Hillary Clinton’s chances of a U.S. election win increased after the Federal Bureau of Investigation stuck to its finding that her handling of e-mails wasn’t a crime. Demand for havens waned, with higherrated bonds, the yen and gold retreating.

European shares rebounded from a four-month low and Asian equities rose with S&P 500 Index futures after the boost for Clinton, who is seen by investors as the more predictable presidential candidate.

As Tuesday’s election approaches, financial markets have become more polarized on the candidates’ respective chances, with news favoring Republican candidate Donald Trump tending to weigh on stocks and boost demand for havens. U.S. equities fell every day since FBI director James Comey’s announcement on the 28 October that the bureau was looking into more Clinton emails.

The MSCI All Country World Index rose 0.3 percent as of 10:54 a.m. London time, and the Stoxx Europe 600 Index jumped 1.1 percent. HSBC climbed 5 percent after posting a surprise jump in adjusted profit and a regulatory decision boosted its key capital ratio. Banks and miners were the biggest winners, as BHP Billiton Ltd. posted gains.

The MSCI Emerging Markets Index rose 1 percent, rebounding from a three-month low, as benchmark gauges in Hong Kong, Taiwan, Turkey and Poland climbing at least 1.2 percent.

Oil rebounded as an earthquake struck Oklahoma Sunday near the nation’s largest crude-storage hub, prompting some pipeline companies to shut down operations as a precaution. West Texas Intermediate gained 1.6 percent to $44.77 a barrel.

Gold sank the most in a month, joining a slide in other haven assets after the FBI statement was seen boosting Clinton in the final stretch of the election campaign. Bullion for immediate delivery fell 1.3 percent to $1,288.53 an ounce. Silver lost 0.8 percent and platinum slid 0.4 percent.