Investors Brace for Impact: Trump vs. Harris Debate Fallout Sends Markets into Turmoil
As the dust settles from the fiery U.S. presidential debate between Donald Trump and Kamala Harris, investors are left grappling with uncertainty. With Taylor Swift endorsing Harris post-debate, the stakes are high.
Asian markets tumble, U.S. stock futures waver, and the dollar weakens as immigration, foreign policy, and healthcare take center stage. PredictIt's 2024 presidential election market reflects the shifting odds, with Trump's chances dipping to 48% and Harris' rising to 56%.
The road to November is paved with economic policy unknowns. The Federal Reserve's focus on employment over inflation adds to the market jitters. Speculation mounts about the size of the impending rate cut, with markets pricing in various scenarios.
European bourses brace for a rocky start amid Fed anticipation and eyes on the European Central Bank meeting. The yen climbs to an eight-month high on Bank of Japan reassurances.
Key events to watch on Wednesday include UK GDP and industrial output data, along with the U.S. inflation report.
In summary, the post-debate market landscape is uncertain, with investors on edge as they navigate through policy ambiguity and central bank moves. Stay tuned for more updates as the election draws near.