financetom
Market
financetom
/
Market
/
Stock futures, dollar steady after FBI says it is investigating another assassination attempt on Trump
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Stock futures, dollar steady after FBI says it is investigating another assassination attempt on Trump
Sep 15, 2024 3:52 PM

NEW YORK, Sept 15 (Reuters) - U.S. stock futures and the

dollar were little changed on Sunday after Republican

presidential candidate Donald Trump was safe following what the

FBI said appeared to be an assassination attempt outside Trump's

golf course in West Palm Beach, Florida.

Secret Service agents engaged a gunman in some bushes near

the property line of the golf course and fired at least four

rounds of ammunition, law enforcement officials said during an

afternoon press conference.

S&P 500 e-minis were down 0.04%. The Dollar Index

, which measures the U.S. currency's strength against six

major peers, was down 0.03% to 101.07.

Bitcoin was 0.7% lower on the day at $59,445. Trump has

positioned himself as a pro-cryptocurrency candidate.

While there was little market reaction to the news, analysts

said the incident had the potential to spur volatility.

"Foreign exchange rates could experience turbulence in the

coming hours as news of a second assassination attempt lands

amid thin trading volumes," said Karl Schamotta, chief market

strategist at payments company Corpay in Toronto.

Asset classes and sectors seen benefiting from a second

Trump term received a boost earlier this year after Trump

survived in an assassination attempt in Pennsylvania on July 13.

The so-called "Trump trade," however, came under pressure

last week after a closely watched debate between Trump and Vice

President Kamala Harris left betting markets pegging a stronger

likelihood of a Harris win in November.

"Perhaps we may see some look to get back into the 'Trump

Trade' if this sees Trump receive a boost in the polls like we

saw after the earlier assassination attempt - boosting both

equities, and the dollar," said Michael Brown, senior research

strategist at online broker Pepperstone, in London.

"That said, with the FOMC looming large on Wednesday,

conviction among market participants will likely be lacking

until we hear from Powell & Co," he said.

Betting markets logged little reaction to the incident on

Sunday, with Harris' odds in PredictIt's 2024 presidential

general election market at 56 cents, while Trump's odds were at

47 cents.

The Federal Reserve is in focus as uncertainty swirls over

how much the U.S. central bank will cut interest rates at its

-Sept. 17-18 monetary policy meeting and the pace at which it

will reduce borrowing costs in coming months.

"The dollar could yet climb on a modest recovery in the

'Trump trade,' but any effect should be relatively modest in

scale," Corpay's Schamotta said.

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 >
US pending home sales surge in June
US pending home sales surge in June
Jul 31, 2024
WASHINGTON (Reuters) - Contracts to buy U.S. previously owned homes rebounded sharply in June as an improvement in supply and some moderation in mortgage rates pulled buyers in from the sidelines. The National Association of Realtors (NAR) said on Wednesday its Pending Home Sales Index, based on signed contracts, surged 4.8% last month to 74.3. Pending home sales rose in...
US pending home sales surge in June
US pending home sales surge in June
Jul 31, 2024
WASHINGTON, July 31 (Reuters) - Contracts to buy U.S. previously owned homes rebounded sharply in June as an improvement in supply and some moderation in mortgage rates pulled buyers in from the sidelines. The National Association of Realtors (NAR) said on Wednesday its Pending Home Sales Index, based on signed contracts, surged 4.8% last month to 74.3. Pending home sales...
TREASURIES-US yields lower after data with Fed statement on deck
TREASURIES-US yields lower after data with Fed statement on deck
Jul 31, 2024
NEW YORK, July 31 (Reuters) - U.S. Treasury yields were mostly lower on Wednesday, after economic data indicated a slowing in the labor market and wage growth ahead of a policy announcement by the Federal Reserve later in the day. The ADP National Employment Report showed private payrollsrose by 122,000 jobs this month, short of the 150,000 of economists polled...
US Equity Indexes Advance Ahead of Fed's July Policy Statement; Microsoft Pares Declines
US Equity Indexes Advance Ahead of Fed's July Policy Statement; Microsoft Pares Declines
Jul 31, 2024
12:33 PM EDT, 07/31/2024 (MT Newswires) -- US equity indexes jumped amid broad-based sector gains as government bond yields slumped in anticipation of September rate-cut clues in the Federal Reserve's July policy statement and after Microsoft ( MSFT ) pared overnight share-price declines. The Nasdaq surged 2.6% to 17,585.6, with the S&P 500 up 1.7% to 5,526.5 and the Dow...
Copyright 2023-2026 - www.financetom.com All Rights Reserved