World shares swung higher and the Mexican peso surged more than two per cent as investors awarded the first U.S. Presidential debate to Democrat Hillary Clinton over Republican Donald Trump. Ivor Bennett reports.
It was clearly a late night for traders in Europe. But one worth staying up for. European shares rising half a percent when markets opened after the US presidential debate gave traders the result they wanted. (SOUNDBITE) (German) HEAD OF ANALYSIS OF CAPITAL MARKET AT BAADER BANK, ROBERT HALVER, SAYING: "Mrs Clinton won the points over Donald Trump in the first TV debate. We have known Mrs Clinton for 20 years. She was secretary of state, she was the wife of a U.S. president. That means that if she were to become president, there is a certain amount that we already know." The prospect of a Trump presidency, though, still has many scratching their heads Foreign policy, trade and the economy all still a guessing game. (SOUNDBITE) (German) HEAD OF ANALYSIS OF CAPITAL MARKET AT BAADER BANK, ROBERT HALVER, SAYING: "He has put forward a lot of bizarre suggestions. He most likely also has a different idea of the global economy, of free trade which will unsettle the rest of the world. So the markets will be calmer if Clinton gets in." The sigh of relief had already been felt in Asia - the Nikkei closing up 0.8 percent. The most sensitive Trump thermometer though seems to be the currency markets The safe haven Yen falling from a one-month high The Mexican Peso surging as much as 2.3 percent. But the fluctuations are unlikely to be over yet. (SOUNDBITE) (Japanese) GENERAL MANAGER OF GAITAME.COM RESEARCH INSTITUTE, TAKUYA KANDA, SAYING: "The trend of foreign currency exchange markets will be undetermined until we get the final election result and, beyond that, the Secretary of the Treasury is selected, which investors will have to keep their eyes on." That's if they can keep them open. Two more debates, and election night itself - there are plenty more late nights to come.