11 September 2024
The first U.S. presidential debate between Vice President Kamala Harris and former President Donald Trump has caused ripples in financial markets. Harris’ strong performance led to a dip in U.S. stock futures, a weakening dollar, and rallying bond prices as investors adjusted their expectations for future interest rates and government spending. The debate, which covered topics like abortion, the economy, and immigration, left markets cautious ahead of upcoming U.S. inflation data. European shares bucked the trend, rising on concerns about hurricane-related oil production disruptions. The debate’s impact was further amplified by pop star Taylor Swift’s endorsement of Harris, potentially influencing voter sentiment.