Key Points
NEW YORK, Sept 11 - Investors scrambled to shift their positioning on Wednesday following a closely-watched debate between Republican Donald Trump and Democratic Vice President Kamala Harris, as betting markets swung in Harris favor after the event...
Shares of Trump Media & Technology Group, the company that owns Truth Social, fell 13% on Wednesday afternoon, while other so-called Trump trades such as bitcoin and crypto stocks retreated..
Solar stocks, seen as benefiting from a Harris win, rallied and healthcare shares fell...
But online prediction markets showed bets on a stronger likelihood of a Harris win in November: Harris odds in PredictIts 2024 presidential general election market improved to 55 cents from 53 cents before the debate, while Trumps odds slipped to 47 cents from 52 cents.. There is a general view that Harris won the debate, said Alvin Tan, head of Asia FX strategy at RBC Capital Markets in Singapore..
While it was hard to separate election-fueled moves from macroeconomic-driven action in the dollar, rates and stocks following Wednesday's highly-awaited report on U.S. consumer prices, investors pointed to several corners of the market where the debate appeared to have made an impact...
