World shares steady be­fore US vote

The Pak Banker - - Front Page -


World shares and the dol­lar stead­ied on Tues­day as in­vestors waited for the U.S. elec­tion re­sult, while un­cer­tainty over Greece's next aid pay­ment kept the euro at a twom­onth low.

Polls in­di­cate the elec­tion be­tween Pres­i­dent Barack Obama and Repub­li­can chal­lenger Mitt Rom­ney will be ex­tremely close and the risk of a change in pol­icy in the world's largest econ­omy was keep­ing in­vestors on the side­lines. "With the un­cer­tainty over the U.S. elec­tion and Greece it is likely that in­vestors will be sit­ting on their hands again to­day," said Heinz-Gerd Son­nen­schein at Ger­man bank Post­bank The MSCI in­dex of world stocks was steady at 329.88 points as Euro­pean mar­kets opened.

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