financetom
Business
financetom
/
Business
/
Investors react to shooting at Trump election rally
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Investors react to shooting at Trump election rally
Jul 14, 2024 12:49 AM

(Reuters) - Donald Trump was shot in the ear during a campaign rally in Pennsylvania on Saturday in what authorities said they were treating as an assassination attempt. Trump's campaign said he was fine after the incident.

Here are investors' reactions to the shooting.

NICK TWIDALE, CHIEF MARKET ANALYST, ATFX GLOBAL, SYDNEY

"I think it probably increases his chances, and we will probably see some haven flows in the morning."

RONG REN GOH, PORTFOLIO MANAGER, EASTSPRING INVESTMENTS, SINGAPORE

"The shooting is likely to bolster Trump's support, and only further augments the positive momentum he has been enjoying following the Presidential debates two weeks ago.

"The market reaction function to a Trump presidency has been characterized by a stronger U.S. dollar and a steepening of the U.S. Treasuries curve, so we might observe some of that this coming week if his election odds are assessed to have further improved following this incident."

NICK FERRES, CHIEF INVESTMENT OFFICER, VANTAGE POINT ASSET MANAGEMENT, SINGAPORE

"From memory, Reagan went up 22 points in the polls after his assassination attempt. The election is likely to be a landslide. This probably reduces uncertainty.

"Trump has always been more 'pro-market' - the key issue looking forward is whether fiscal policy remains irresponsibly loose and the implication that might have for (renewed) inflation and the future path of interest rates."

HEMANT MISHR, CHIEF INVESTMENT OFFICER, S CUBE CAPITAL, SINGAPORE

"I do think this will have a shock reaction on a market that has been on tenterhooks on the U.S. election.

"I see the odds of the Trump trade getting reinforced over the next few months till November, unless the Democrats can come up with a really credible alternative.

"It just significantly improves the odds in his favour and will lead to a steepening of the U.S. curve over the next few months. (I) would bet on high growth, high inflation trades - financials and energy to do well, and negative for Asian currencies."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
EU medicines regulator rejects Eli Lilly's Alzheimer's drug
EU medicines regulator rejects Eli Lilly's Alzheimer's drug
Mar 28, 2025
March 28 (Reuters) - The European Union's drugs regulator on Friday rejected Eli Lilly's ( LLY ) Alzheimer's drug Kisunla, saying the risk of serious brain swelling did not outweigh the treatment's small impact on slowing cognitive decline. (Reporting by Mariam Sunny and Padmanabhan Ananthan in Bengaluru; Editing by Shreya Biswas and Sriraj Kalluvila) ...
CK Hutchison to not sell strategic ports at Panama canal next week, SCMP reports
CK Hutchison to not sell strategic ports at Panama canal next week, SCMP reports
Mar 28, 2025
March 28 (Reuters) - Hong Kong conglomerate CK Hutchison ( CKHUF ) will not be signing the deal to sell its two ports at the Panama Canal to a BlackRock ( BLK )-led consortium next week, the South China Morning Post reported on Friday. ...
Market Chatter: United States Steel, Nippon Steel Offer Increased Investment to White House to Close Proposed Merger
Market Chatter: United States Steel, Nippon Steel Offer Increased Investment to White House to Close Proposed Merger
Mar 28, 2025
06:55 AM EDT, 03/28/2025 (MT Newswires) -- United States Steel ( X ) and Nippon Steel are discussing with White House officials ways to preserve their proposed $14 billion merger and secure billions more in investments from the Japanese steelmaker into Rust Belt sites, Semafor reported Friday, citing unnamed sources familiar with the talks. Nippon Steel has reportedly offered to...
Boeing's Starliner May Resume Test Flights by Late 2025
Boeing's Starliner May Resume Test Flights by Late 2025
Mar 28, 2025
06:57 AM EDT, 03/28/2025 (MT Newswires) -- NASA said Thursday it, along with Boeing ( BA ) , expects the next flight of its Starliner craft to take place later this year or early 2026, as the aircraft maker and NASA continue certification efforts following the last crew test. More than 70% of flight observations and in-flight anomalies have been...
Copyright 2023-2026 - www.financetom.com All Rights Reserved