Markets face dizzying US politics and mixed earnings reports while awaiting Fed rate cut
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MANY investors would have been startled this past week by the sudden turn in the race for the White House.
It wasn’t just that US President Joe Biden decided to drop out, but that Vice-President Kamala Harris – not a particularly inspiring political figure – seems to have quickly re-energised her party and its supporters.
Within a week, Harris has reportedly secured enough support to become the Democratic Party nominee, raised bucket loads of money from donors, and won the endorsement of former president Barack Obama.
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