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First U.S. presidential debate fails to move investors
Sep 30, 2020
TOKYO/SAN FRANCISCO (Reuters) - U.S. stock futures fluctuated slightly but markets and investors were largely stoic as an acrimonious first debate between U.S. presidential candidates ended on Tuesday.
U.S. President Donald Trump and Democratic presidential nominee Joe Biden participate in the first 2020 presidential campaign debate held on the campus of the Cleveland Clinic at Case Western Reserve University in Cleveland, Ohio, U.S., September 29, 2020. Olivier Douliery/Pool via REUTERS
Republican President Donald Trump repeatedly interrupted Democratic rival Joe Biden in the Cleveland debate, the first ahead of the Nov. 3 U.S. presidential election, that touched on Trump’s taxes, the economy, the coronavirus pandemic and election integrity.
While betting odds makers showed little change in the odds as the debate progressed, U.S. stock futures EScv1 initially rose as much as 0.6% before turning to be flat.
“Right now it looks like an even split between Trump and Biden, so it is difficult for the markets to move,” said Ayako Sera, a market strategist at Sumitomo Mitsui Trust Bank in Tokyo.
“What people are most concerned about is the fairness of the election and how it will be carried out.”
Biden, 77, has held a consistent lead over Trump, 74, in national opinion polls, although surveys in the battleground states that will decide the election show a closer contest.
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