Overnight

Can you say sovereign bonds, gold, yen and Swiss franc three times real fast without missing a beat? If you can you're right on top of things in Asia as those things were the winners overnight. Call it rish off and uncertainty on.

With the Japanese market closed for a holiday it was just as well as other markets seemed to be more focused on the U.S. election and how close it's supposedly getting wit h all these WikiLeaks. As expected the Fed left rates unchanged, but left open the door for a December hike as Yellen stressed that inflation is on the rise.

All three major markets on Wall Street ended Wednesday down as uncertainty again prevailed.Reuters reported: "Another session of losses for the S&P would match the record for consecutive down days set in 2008." In the currency markets it was an up day for the Euro and a down one for the U.S. dollar as it faded against the yen to trade at 103.32 with the dollar index at 97.365 against its baskets of currencies,down from last week's high of 99.119. Spot gold XAU remained steady at $1,298.00 an ounce.

The Wall Street Journal noted that "oil prices extended their slump after data showed the biggest weekly U.S. crude surplus on record, the latest sign of the hurdles facing traders banking on higher prices. The supply data prompted investors to reduce expectations that two years of oversupply in the oil markets is coming to an end. U.S. prices immediately shed nearly $1 a barrel and losses spread into gasoline and diesel futures. U.S. crude futures fell $1.33, or 2.9%, to $45.34 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, fell $1.28 a barrel, or 2.7%, to $46.86 a barrel on ICE Futures Europe. Both posted their seventh loss in eight sessions and lowest settlement since Sept. 27." The ASX 200 was off 0.48%, the Kospi down 0.23%, Hang Send lost 0.48%, the Shanghai Composite was up 0.29% and the Shenzhen Composite rallied 0.58%.