I. Yesterday's News
1. A top aide to US presidential candidate Hillary Clinton today urged the FBI to disclose what it knows about any ties between Republican Donald Trump and Russia, accusing the law enforcement agency of unfairly publicising its inquiry into Clinton's email practices while staying quiet about Trump. Clinton campaign manager Robby Mook questioned why the Federal Bureau of Investigation's director had not released any information about its investigation into Russia's role in the US election or ties to Trump and his senior aides. Opinion polls show Clinton's lead has narrowed slightly since early last week. It was not known if the email controversy would hurt her support.

2. US factory activity increased for a second straight month in October amid a pickup in production and hiring, supporting views manufacturing would regain some momentum in the fourth quarter. The Institute for Supply Management (ISM) on Tuesday said its index of national factory activity rose 0.4 percentage point to a reading of 51.9 per cent last month. A reading above 50 indicates an expansion in manufacturing. The production sub-index gained 1.8 percentage points to 54.6. But a gauge of new orders slipped to a reading of 52.1 from 55.1 in September, suggesting any future gains in manufacturing activity would be modest. A measure of factory employment jumped 3.2 percentage points to a reading of 52.9.

3. The Swiss National Bank will follow the market reaction to the U.S. presidential election and remains ready to take action to curb the "significantly overvalued" Swiss franc, the central bank's chairman said on Tuesday. On Tuesday the Swiss franc firmed past 1.08 to the euro and reached its strongest level since the end of June as increased expectations that Donald Trump may become U.S. president prompting safe-haven inflows into the currency, traders said. But he suggested it would be bad for the small, open and export-oriented Swiss economy if the United States started working against free trade.

4. The Bank of Canada seriously considered raising its inflation target to give it more flexibility to cut interest rates, but decided unconventional measures provide more room to maneuver than previously believed, Governor Stephen Poloz said on Tuesday. In a speech that defended the central bank's decision to renew its inflation target at 2 percent, Poloz said a higher target was considered because rates in many economies have been at or near historic lows. The pace of Canadian economic growth at 0.2 percent in August was in line with a Reuters poll of economists. July's growth was revised lower to 0.4 percent from an initially reported 0.5 percent increase.

5.Britain's factory sector maintained most of its robust growth last month after a weaker pound boosted exports, though this also fuelled inflation, according to a survey that underscored the impact on the economy of June's Brexit vote. The Markit/CIPS Purchasing Managers' Index (PMI) slowed slightly to 54.3 from an upwardly revised 55.5 in September, which was its highest level in more than two years. The inflationary impact of the weaker currency was also becoming increasingly evident. Import prices showed one of the steepest rises in purchasing costs in the near 25-year history of the survey.

II. Market Overview
FX
The U.S. dollar hit its lowest level in nearly three weeks against the euro on Tuesday on U.S. political uncertainty, while the Mexican peso hit a more than three-week low on fears that Republican Donald Trump might win the U.S. presidential election. The dollar index, which measures the greenback against a basket of six major currencies, hit a almost two-week low of 97.640. The euro gained about 0.8 percent against the dollar to $1.1069, its highest since Oct. 12. The dollar fell 1.5 percent against the Swiss franc to a nearly one-month low of 0.9730 franc and fell against the yen to an eight-day low of 103.81 yen. The Mexican peso fell about 2.2 percent against the greenback to 19.2700 pesos per dollar, its weakest level since Oct. 7.

Precious Metals
Gold, silver and platinum rallied to one-month highs on Tuesday as concerns over the outcome of the U.S. election sparked losses in stocks and the dollar, prompting investors to seek out precious metals as a haven from risk. Spot gold was up at $1,287.80. U.S. gold futures for December delivery settled up 1.2 percent at $1,288. Silver was up at $18.32 an ounce, while platinum was up 1.5 percent at $990.50. Palladium closed t at $631.70.

Commodities
1.Crude Oil
Oil prices settled lower on Tuesday after hitting a one-month low following a trade group's report of a U.S. crude inventory build, and doubts on what OPEC members will do to cut production. Brent crude settled down 47 cents or 1 percent at $48.14. U.S. West Texas Intermediate (WTI) crude settled down 19 cents or 0.4 percent at $46.67.

2. Base Metals
Zinc rose to a fresh five-year high on Tuesday on expectations of tight supply, while a softer dollar helped tin reach a two-year peak and aluminium its highest in 15 months. Benchmark zinc on the LME reached a peak of $2,485, its highest since August 2011, before easing. It closed 0.3 percent higher at $2,465 a tonne. Tin closed at its highest level since Sept. 2014, up 0.7 percent to $20,850 a tonne. The metal has benefited from fears of a supply shortage after stockpiles slipped to 12-year lows. Aluminium hit its highest since July last year at $1,740.25, before easing back 0.52 percent to $1,725 per tonne. Copper rose to its highest since Aug. 2, supported by an improved demand outlook in China. The metal was up 1.4 percent at $4,919 a tonne, extending gains for a seventh straight session. Lead was little changed from Monday at $2,070 a tonne while nickel inched 0.7 percent lower to $10,410 a tonne.

U.S. Treasuries
U.S. Treasury prices ended higher on Tuesday after stocks fell to their lowest levels since July, increasing demand for safe-haven assets as uncertainty over next week's U.S. presidential election weighed on investor sentiment. Benchmark 10-year notes ended up 4/32 in price to yield 1.83 percent. Ten-year note yields rose as high as 1.879 percent earlier on Tuesday, the highest level since May 31. Early bond weakness was also contained by falling risk sentiment as stock and oil prices steadily declined.

Stock Market
1. U.S. Equities
Wall Street sold off on Tuesday, with the S&P 500 closing at the lowest level since July 7, amid growing concern over the impending U.S. presidential election and prospects for higher U.S. interest rates. Stocks pared losses after falling steeply in early afternoon trading as the S&P 500 breached a key technical level. The S&P 500 lost 14.43 points, or 0.68 percent, to 2,111.72, its biggest single-day percentage drop since Oct. 11. The Dow Jones industrial average fell 105.32 points, or 0.58 percent, to 18,037.1, and the Nasdaq Composite dropped 35.56 points, or 0.69 percent, to 5,153.577. The CBOE Volatility Index, a gauge of near-term investor anxiety, jumped to almost a two-month high.

2. Hong Kong Equities
Hong Kong stocks rose the most in a week on Tuesday after business surveys showed growth in China's factory and service sectors accelerated last month. The Hang Seng index rose 0.9 percent to 23,147.07 points, while the China Enterprises Index gained 1.5 percent to 9,706.20.