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

Quick Summary:

LONDON :U.S.stock futures faltered and the dollar was on the defensive on Wednesday, while 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.

European shares were the bright spot, with the pan-European STOXX 600 index was edging up 0.07 per cent, boosted by the oil and gas sectors on concerns that Hurricane Francine would disrupt output in the U.S.

In commodities, oil prices gained after dropping over 3 per cent in the previous session, as a drop in U.S.crude inventories and concern about Hurricane Francine disrupting U.S.output countered concerns about weak global demand.

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Article Details

Category: EconomyBusiness

Markets: SingaporeGermanyJapan

Topics: Debate Dollar Japan Harris Trump Bank Index Investors Rates Cent Presidential

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-11 @ 17:08:53 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 886 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 22457355

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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