Opening Bell: U.S. Futures, European Shares Drop Ahead Of Key Midterm Vote

US futures, European shares show weakness ahead of crucial US midterm vote Berkshire Hathaway surges; Apple, tech stocks tumble, prompting broader selling Oil keeps sliding on Iran bypassing sanctions, US waivers on purchases Key Events

Global stocks were mixed on Tuesday as investors awaited the results of the US midterm elections. Shares in Europe slipped lower alongside futures for the , and , while Asian indices ended mostly higher. Treasury yields edged lower, the reversed early losses and the extended an advance on Brexit hopes.

The gave up earlier gains, dragged down by financials and carmakers.

Earlier, during the Asian session, Japan’s outperformed with a 1.05 percent advance and China’s underperformed with a 0.23 percent slide, even as Chinese Vice President Wang Quishan said that he’s ready to discuss trade solutions with the US.

Global Financial Affairs

Yesterday, US Treasury yields pulled back from a near-month high and shares gained ground, boosted by Berkshire Hathaway (NYSE:). Warren Buffett’s multinational financial conglomerate climbed the most since July after the company’s regulatory filing, which was published on Saturday, revealed it bought back $928 million worth of shares.

As well, dip buyers took advantage of October’s brutal selloffs, after the dropped 1,300 points, or 5 percent—the most since the January 2016 correction. The plunged almost 7 percent over the month, suffering its worst loss since September 2011, and the took its most significant hit since November 2008, a whopping 9 percent.

During Monday’s session, the SPX climbed 0.56 percent, with shares outperforming (+1.67 percent), even as prices continued to fall. also inched higher (+1.66 percent), on upbeat economic data, even against a backdrop of , which could weigh on REIT profits. Berkshire Hathaway’s ranking as the world’s second-biggest real-estate broker also boosted the broader sector.

advanced (+1.59 percent) on a stronger outlook

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