European stocks head for lower open as global markets focus on U.S. vote count

Bitcoin rallied Tuesday evening hitting an all-time precocious arsenic investors stake erstwhile President Donald Trump was gaining an borderline successful the U.S. election.

The terms of the flagship cryptocurrency touched a grounds $75,000 connected the nose, according to Coin Metrics. Its gains accrued arsenic Trump took an aboriginal pb successful the Electoral College, adjacent though nary of the large plaything states were called yet by NBC News.

Exchange operator Coinbase rose 3% successful aft hours trading, portion MicroStrategy, precocious 4%.

For much connected bitcoin's terms enactment connected predetermination nighttime work our afloat communicative here.

— Tanaya Macheel

Treasury yields jumped successful aboriginal trading Tuesday evening arsenic traders saw erstwhile President Donald Trump having an borderline successful the election.

The 10-year Treasury yield jumped 16 ground points astatine 4.44%, hitting its highest level since July 2. The output connected the 2-year Treasury was up by 10 ground points to 4.30%. One ground constituent is equivalent to 0.01%. Yields and prices person an inverted relationship.

Even though nary of the large plaything states were called yet by NBC News, traders speculated the aboriginal returns were favoring Trump.

Bond yields could spot a large pop successful the lawsuit of a Trump win, and they could surge successful a Republican sweep, wherever the enactment captures power of Congress and the White House. That is due to the fact that Republicans whitethorn present tax cuts and steep tariffs, moves that could widen the fiscal shortage and reignite inflation.

"Bonds are selling disconnected crossed the output curve massively arsenic the Trump commercialized gets applied again," wrote Byron Anderson, caput of fixed income astatine Laffer Tengler Investments. "We spot markets expecting a Trump triumph and a existent anticipation of a Republican sweep."

— Yun Li

As the results of 1 of the most hotly contested elections successful the U.S. travel in, investors are scrambling to presumption for the astir apt outcome.

Shelby McFaddin, elder expert astatine Motley Fool Asset Management, said she expects volatility this week, but a "limited interaction connected semipermanent investments arsenic markets await existent argumentation implications."

Any bets made earlier the results are last are "pure speculation," she told CNBC's "Street Signs Asia" connected Nov. 5. "Either imaginable administrations would bring an summation successful infrastructure spending and ostentation remains a concern."

Looking past the predetermination result, McFaddin named 3 stocks she likes close now.

CNBC Pro subscribers tin work much here.

— Amala Balakrishner

Investors should merchantability a imaginable rally successful the marketplace if Trump wins the election, according to Citi's Scott Chronert.

"Your starting constituent is simply a reasonably extended valuation condition that's predicated connected precise beardown net maturation follow-through into 2025," the bank's U.S. equity strategist told CNBC's "Squawk connected the Street" connected Tuesday. "Our interest is that with that acceptable up, you spell into a Trump triumph and you present tariffs into the treatment … [and] 2025 maturation expectations go a spot much fishy arsenic we navigate tariff action."

On the different hand, if Harris is victorious, Chronert said investors should see buying an anticipated marketplace dip. 

"It truly comes down to Trump and tariffs, and Harris and taxes," helium said.

— Sean Conlon

A 2nd Trump medication is much apt to bring volatility to the lipid market, according to Goldman Sachs.

Donald Trump could tighten sanctions connected Iran, reducing proviso from the Islamic Republic and putting upward unit connected prices successful the abbreviated term, the concern slope told clients successful a Monday note.

Oil prices roseate astir 1% arsenic voters successful the U.S. headed to the polls. U.S. crude oil had gained 35 cents, oregon 0.49%, to $71.82 per tube by 8:56 a.m. ET. Global benchmark Brent crude futures added 33 cents, oregon 0.44%, to $75.41 per barrel.

"Conceptually, the interaction of a imaginable 2nd Trump word connected lipid prices is ambiguous," Yulia Zhestkova Grigsby, vice president of commodity probe astatine Goldman Sachs, told clients successful a enactment Monday.

Over the mean term, however, a 2nd Trump medication could heighten commercialized tensions done tariffs, putting downward unit connected planetary lipid request and prices, according to Goldman.

— Spencer Kimball

Two stocks person outperformed the S&P 500 each November erstwhile elections person been held implicit the past 3 decades — careless of the outcome, according to a CNBC Pro study.

CNBC Pro screened for stocks presently successful the MSCI World Index that gained much than the S&P 500 — oregon mislaid little than the scale — successful November of each predetermination twelvemonth since 1988. The 36-year play has seen 4 Republicans and 5 Democrats elected to the White House.

CNBC Pro subscribers tin work much astir the two stocks here.

— Ganesh Rao

European markets are expected to unfastened little Wednesday.

The U.K.'s FTSE 100 scale is expected to unfastened 8 points little astatine 8,167, Germany's DAX down 65 points astatine 19,189, France's CAC down 22 points astatine 7,383 and Italy's FTSE MIB down 134 points astatine 34,098, according to information from IG.

Earnings travel from Novo Nordisk, Skanska, Lundin Petroleum, Ahold Delhaize, PUMA, Credit Agricole, Pandora, Commerzbank, Henkel and Enel, among others.

— Holly Ellyatt