Currency analyst

While you're trying to decide, who won the U.S. debates, markets made their choice

As we already know, the candidates clashed in a very tight political wrangle on Monday night. Here are some of the highlights of the first US political debates and market outlook after the Asian session.

The opinion polls showed that Clinton managed to beat her opponent (she is ahead of Trump by 4 percentage points). In a relatively short period of time, the candidates managed not only to cover many topics, but also to breathe fire and brimstone at each other. They exchanged the counter-charges over trade, the U.S. economy, race and foreign policy. Donald Trump tried to paint the Secretary as the author of many of America’s misfortunate policies, whereas Mrs Clinton sought to portray Mr Trump as ill-suited for the presidential post, mean profit-seeking businessman.

We must say this strategy helped Hillary to convince investors and US citizens in a complete fiasco of Trump’s presidency. Nobody knows what to expect from Trump’s ambitious projections. There will be tremendous tax cuts; the US might abrogate their international trade deals and spoil trade relationships with their biggest partners (like China); the US foreign and domestic policies may change considerably. That’s why the majority favors Clinton anticipating a relative status quo with her presidency.

What was the markets’ reaction?

Asian shares recovered from an early decline while the Mexican peso bounced as investors scored the first U.S. presidential debate for Hillary Clinton.

MSCI's broadest index of Asia-Pacific shares outside Japan recouped its earlier losses and rose by 0.5%. The dollar sank 1,9 % on the peso during the Asian hours, rebounded to 100.83 yen from a one-month low around 100.08 JPY, and sunk on the AUD and CAD. EMini futures for the S&P 500 managed to recover from their earlier downfall and gained additional 0.6 % earlier this day. 

Scroll to top