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QUOTES-Investors react to fiery presidential debate between Trump and Harris
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QUOTES-Investors react to fiery presidential debate between Trump and Harris
Sep 11, 2024 5:07 AM

Sept 10 (Reuters) - U.S. stock futures slipped and the

dollar edged lower in early Asian trading on Tuesday as

Republican Donald Trump and Democratic Vice President Kamala

Harris faced each other for the first time, with some analysts

saying Harris put in a stronger performance.

Online prediction market PredictIt's 2024 presidential

general election market showed Harris' odds at improving to 55%

from 52% immediately before the debate, while Trump's odds

slipped to 47% from at 51%.

Stock futures eased as the debate progressed, with the S&P

500 E-minis down 0.4% and Nasdaq 100 E-minis

down 0.5%.

The Dollar Index, which measures the U.S. currency's

strength against six major peers, slipped 0.2%.

COMMENTS:

STEVE SOSNICK, CHIEF MARKET STRATEGIST, INTERACTIVE BROKERS,

GREENWICH, CT.

"It's all been fairly general during the debate. They have

talked about chips and energy and solar, but not really any

specific details. There hasn't been anything for markets to sink

their teeth into."

"Because the margin is so narrow, I think markets don't know

what to make of the whole campaign at this stage. It does appear

that Harris is outpointing Trump, but I don't know that the

markets have voted yet. And I don't know if the people who need

to be convinced are watching. We may see more of a reaction when

the top soundbites from this debate start rippling out and being

discussed in the next few days."

ROB CARNELL, ING'S REGIONAL HEAD OF RESEARCH FOR

ASIA-PACIFIC

"I don't think there's a lot for markets here... there

doesn't seem to be a lot that seems to be particularly economic

right now. I think Harris seems to be managing Trump quite

well."

"You'd expect if he (Trump) was doing better, that you'd see

a strong dollar coming out of this. So I suppose that's the way

the market is looking at it. It's a slight lean towards Harris."

KEN CHEUNG, DIRECTOR, FX STRATEGY, MIZUHO SECURITIES ASIA,

HONG KONG

"Some of the U.S. dollar movement is driven by the debate

performance. I think the interpretation, for the Chinese yuan,

is that it is very sensitive to Trump's policy on the tariff

side."

JACK ABLIN, CHIEF INVESTMENT OFFICER AT CRESSET CAPITAL.

"This debate doesn't seem to be changing the fact that it's

going to be a very close election."

"They're covering all the issues; the moderators are doing a

good job of managing the debate and voters are getting a pretty

good depiction of the policies and temperaments of both

candidates."

"But perception is reality and if people don't feel their

lives are improving, that will shape their behavior in

November."

KARL SCHAMOTTA, CHIEF MARKET STRATEGIST, AT CORPAY IN

TORONTO

"No knockout blow has been landed, but the dollar is edging

lower as Kamala Harris opens a marginal lead over Donald Trump

in prediction markets."

"Currencies that might find themselves on the front line in

another trade war - the Mexican peso, Canadian dollar and

Chinese renminbi - are advancing amid muted volumes."

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