By Chathushka Perera
New Delhi, India (CWBN)_ With the US Presidential Elections due to commence in the next two weeks, anxieties have risen in several sectors of global interest, owing to the stark contrast of personality and policy behind the two presidential candidates, facing each other off.
As the days grow short, Asian markets have started to drop as investors brace for the impact of the election results, especially since the initial Presidential Debate, which was an unequivocal disaster, where President Donald Trump took the floor with nonsensical rhetoric and personal jabs against his opponent.
Moreover, a stimulus bill that was set before the US Congress by the Secretary of State, Mike Pompeo, to assist companies struggling due to the pandemic, hit a dead-end with severe opposition from the Democratic wing. However, discussions between Treasury Secretary, Steve Mnuchin and Speaker of the House, Nancy Pelosi, toward introducing a fresh stimulus bill prior to the Presidential Election. Irrespective of the development, investors and experts remain unconvinced.
Though the value of the USD remained stable, currencies such as the British Pound, Australian Dollar and New Zealand Dollar indicated a drop. In Europe, markets continue to struggle against the surge of the pandemic and lockdown measures intensifying to counter the spread, despite meagre gains made yesterday.
Moreover, reports of concern over the Election outcome have begun to impress on PM Boris Johnson and the Conservative Party, as the looming doom of a ‘No-Deal’ Brexit hovers over Britain.
