BREAKING - European Stock Futures Slide as U.S. Election Race Tightens

(Reuters) - European stock futures fell on Wednesday as U.S. President Donald Trump took the lead over Democratic rival Joe Biden in a number of vital swing states, making the race for the White House too close to call.

Euro Stoxx 50 futures fell 0.9% at 0656 GMT, while German DAX futures shed 0.7% and UK’s FTSE futures lost 0.5%.

That contrasted with New York’s S&P 500 futures, which rose 0.3% after volatile trading overnight, while those in the tech-heavy Nasdaq jumped 2.0%.

Money managers bet on a clear victory for Biden in the election earlier this week, boosting European equities, as investors anticipated better trade ties with Washington and more economic stimulus for the coronavirus-hit U.S. economy.

Read more from the original article: https://www.reuters.com/articl...