US stocks rose and the dollar slipped early on Friday as investors were gripped with renewed uncertainty about the size of the Federal Reserve’s expected interest rate cut next week.
Kamala Harris’s campaign has said that it raised $47mn in the 24 hours following the presidential debate between the Democratic candidate and Donald Trump on Tuesday night — a massive haul that will help the vice-president in the final stretch before the election.“This historic, 24-hour haul reflects a strong and growing coalition of Americans united behind vice-president Harris’ candidacy that knows the stakes this November, and are doing their part to defeat Donald Trump this November,” campaign chair Jen O’Malley Dillon said in a statement.“[But] we cannot underestimate the strength of Team Trump and their strong fundraising and organising efforts intentionally designed to divide and sow doubt among Americans,” she added.
Gains for consumer staples and basic materials shares helped European stock indices rise early on Friday as investors digested the European Central Bank’s interest rate cut and looked ahead to next week’s Federal Reserve meeting.
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