WASHINGTON: US stock futures slipped and the dollar edged lower in early Asian trading on Tuesday as Democratic Vice President Kamala Harris and Republican Donald Trump faced each other for the first time, with some experts saying the Vice President put in a stronger performance.
Online forecast market PredictIt’s 2024 presidential general polls market showed Kamila Harris’ odds at improving to 55% from 52% immediately before the presidential debate, while Donald Trump’s odds slipped to 47% from at 51%. The Dollar Index, which measures the American currency’s strength against six major peers, slipped 0.2%.
Presidential Debate Between Harris and Trump
Steve Sosnick, Chief Market Strategist, Interactive Brokers, Greenwich, CT told Reuters news agency that it is all been fairly general during the presidential debate. They have talked about energy, solar and chips but not really any specific information, Steve Sosnick said. “There has not been anything for markets to sink their teeth into,” Steve Sosnick remarked.
It does appear that Kamila Harris is outpointing Donald Trump, but I don’t know that the markets have voted yet, according to Steve Sosnick.
Rob Carnell, Ing’s Regional head of research for Asia-pacific said, “I don’t think there’s a lot for markets here but Kamila Harris seems to be managing Donald Trump quite well.”
Karl Schamotta, Chief Market Strategist, at Corpay in Toronto stated that the dollar is edging lower as Harris opens a marginal lead over Trump in prediction markets.
“Currencies that might find themselves on the front line in another trade war – Canadian dollar, Chinese renminbi and the Mexican peso are advancing amid muted volumes,” said the Chief Market Strategist.
