After months of shadow boxing, President Donald Trump and Democratic challenger Joe Biden will finally meet on the debate stage. — AFP pic
A major hindrance to further upside is the lack of movement on Capitol Hill in stimulus talks, with both sides digging in and making the chances of a new package unlikely before the November 3 presidential election. However, with Republicans offering to go only as high as US$1 trillion — and hostilities exacerbated by the row over a replacement for Supreme Court judge Ruth Bader Ginsberg — hopes for a breakthrough are thin, despite millions of Americans struggling to cope with the economic impact of the virus.
But while Biden continues to lead in polls, AxiCorp’s Stephen Innes said: “Prediction markets show that Joe Biden’s lead over Trump has narrowed from +24 in late July to +10-6, depending on which cohorts you follow. The moves are raising concerns that the tentative recovery from the near-global shutdown earlier in the year could be derailed.
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