Trump and Biden clash in last TV debate

23 Oct 2020

U.S. President Donald Trump and his Democrat rival Joe Biden clashed over the pandemic, immigration, foreign policy and corruption allegations in their final live TV debate on Thursday.

Of the coronavirus crisis engulfing the States, where some 220,000 have now died, Mr Biden would not rule out more lockdowns, and warned of a “dark winter” ahead, while Mr Trump insisted it was time to open-up the U.S.

“Mr Trump cited unsubstantiated claims Mr Biden personally profited from his son’s business dealings. The Democrat brought up Mr Trump's opaque taxes,” reported the BBC.

There are now 11 days to go until the presidential election and Mr Biden has a solid lead over the President.

Global stocks barely budged on Friday as investors digested the debate.

U.S. S&P 500 futures had dipped slightly after the debate but were mostly flat.  Shares in Asia hardly budged, with MSCI’s broadest index of Asia-Pacific shares outside Japan flat, while Japan’s Nikkei gained 0.2%.  The CSI300 index of mainland China also edged up 0.2%.

Meanwhile, European stocks edged higher – but this was more to do with positive economic data out of Germany.

Speaking to the media about Thursday night’s debate, deVere Group CEO Nigel Green noted: “The last debate was certainly more civil than the previous encounter, but it didn’t add much more to what we already know about the candidates’ personal and policy differences.

“Therefore, we can expect the markets to continue pricing-in a Biden win, something which has begun in earnest in recent weeks.

“This has been evidenced by investors piling into renewables, industrials and other sectors that could benefit from Joe Biden sweeping into power on a ‘blue wave’ victory.”

The previous scheduled debate was cancelled as Trump refused to participate in a virtual event.