US stocks and dollar defensive, bonds rally as Harris harries Trump

📆 11/09/2024 20.33.00
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LONDON, Sept 11 - U.S. stock futures faltered, the dollar was on the defensive and bond prices rallied, as markets reacted to a U.S. presidential debate in which Vice President Kamala Harris put Republican Donald Trump on the defensive.

Harris' late entry in the presidential race after President Joe Biden's withdrawal in July has tightened the race, and her strong debate performance continued a reversal of trades that were put in place on expectations of a second Trump presidency. In a boost to the Harris campaign, pop megastar Taylor Swift said she would back Harris in the Nov. 5 election.

Nakagawa reiterated in a speech that the central bank would continue to raise interest rates if the economy and inflation move in line with its forecasts.

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