Harris Gains Slight Edge Over Trump in Market Reaction Post-Debate

U.S. stock futures and the dollar experienced minor declines following the first debate between Republican Donald Trump and Democratic Vice President Kamala Harris. While Harris made a better impression according to some analysts, the debate did not result in significant market movements. Harris's odds on PredictIt rose to 56% from 52%, while Trump's decreased to 48% from 51%.

U.S. stock futures slid, and the dollar edged lower during early Asian trading on Wednesday, coinciding with the first debate between Republican Donald Trump and Democratic Vice President Kamala Harris. Analysts noted that Harris slightly outperformed Trump.

According to PredictIt's 2024 presidential election market, Harris's odds jumped to 56% from 52% before the debate, while Trump's odds fell to 48% from 51%. Stock futures continued to ease during and after the debate, with the S&P 500 E-minis down 0.5% and Nasdaq 100 E-minis declining by 0.65%. Additionally, the dollar index slipped by 0.23%.

Comments from various analysts indicated that neither candidate provided substantial economic reassurance, leading to greater uncertainty in the markets. Despite the lack of a decisive outcome, Harris's performance provided her a marginal edge according to prediction markets.

(With inputs from agencies.)