CMC Markets: Markets Well Priced for Clinton Victory

The transcript covers the market's reaction to the US presidential debate, focusing on the anticipated Clinton victory and its impact on the dollar-Mexican peso exchange rate. It also discusses China's yuan depreciation and its trade implications, highlighting the lack of pressure on capital outflows. The European Central Bank's policies are examined, with emphasis on potential bond purchase tapering and the economic divergence between Europe and the US.

What was the market's expectation regarding the U.S. presidential election outcome?

• An unexpected third-party win

• A tie between candidates

• A Clinton victory

• A Trump victory

How has the yuan performed against its trade-weighted index over the year?

• Appreciated by 7%

• Depreciated by 7%

• Remained stable

• Fluctuated without a clear trend

What is the potential impact of a weaker yuan on Australia's economy?

• Increased import costs

• Positive impact on exports

• Negative impact on exports

• No impact on exports

What did Mario Draghi suggest about the ECB's bond purchase program?

• Ending without tapering

• Ending with a period of tapering

• Immediate end to bond purchases

• Continuation without changes

What is a major risk factor for the European economy according to the discussion?

• Stable political environment

• High employment rates

• Weak banking system

• Strong inflation