Business
Uncertainty in Pennsylvania is a potential “perfect storm” for a contested election that would send shockwaves through the markets, but investors are otherwise betting on a Joe Biden win. “The market is a bit pre-positioned for the Democratic wave, unlike last time,” John Hardy, head of FX strategy at Saxo Bank, said, while adding that markets were in no way prepared for President Trump's victory in 2016. He joins co-hosts Mustafa Alrawi and Kelsey Warner this week to outline market scenarios depending on the election’s outcome. In this episode: How are the markets affected in the run up to the election? (1m 16s) Biden win and blue wave scenario (4m 39s) Where does coronavirus fit in? (7m 54s) The power of Pennsylvania (9m 35s) The possibility of a contested election (12m 03s) The three scenarios (14m 06s) Markets don't like uncertainty (17m 10s) Headlines (20m 10s) Read more on our website: • Russia’s Sberbank seeks more partnerships with Middle Eastern sovereign investors • Global travel restrictions mean 174m travel and tourism jobs are at risk • Why India's poor air quality is taking a toll on its economy