Thursday, October 22, 2020

Investors react to last Trump-Biden final presidential election debate

 

US President Donald Trump and Democratic rival Joe Biden debated on Thursday for the last time ahead of the Nov 3 presidential election.



TOKYO (Reuters) - U.S. President Donald Trump and Democratic rival Joe Biden debated on Thursday for the last time ahead of the Nov. 3 presidential election.
A record 47 million Americans already have cast ballots, eclipsing total early voting from the 2016 election.

Trump trails former vice president Biden in national polls, but the contest is much tighter in some battleground states where the election will likely be decided.

S&P 500 index futures were down 0.14%, little changed from levels before the debate started.

For Reuters' main story on the debate, click on US Election 2020

Here are analysts' reactions:

VASU MENON, SENIOR INVESTMENT STRATEGIST, OCBC BANK WEALTH MANAGEMENT, SINGAPORE:

"It was a slightly more civilised debate this time around, but Trump failed to make up for lost ground from the first debate. Biden came through better than Trump in this debate and this should help to cement his lead over Trump and may just help him to cross the final line with a win. Biden was more persuasive in the debate on COVID-19 and the stalemate with fiscal stimulus, which are critical issues for the American people and that should benefit him in the polls."

MASAFUMI YAMAMOTO, CHIEF CURRENCY STRATEGIST, MIZUHO SECURITIES, TOKYO

"Trump's behaviour is better than the previous debate, which is good for him, but Biden has been able to show his leadership. I don't think this debate is going to change Trump's probability of winning. That we can see from the reaction in futures and markets.

"A bigger lead for Biden contributes to risk off trades, but we are not sure what the turnout will be for Republicans and Democrats.

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