Who Won the U.S. Presidential Debate?

Biden announced on Sunday he would drop out of the election race and endorsed Vice President Kamala Harris for the Democratic ticket.

Online betting site PredictIT showed pricing for a victory by Donald Trump had fallen 4 cents to 60 cents, while Harris climbed 12 cents to 39 cents.

Markets took the news in their stride, with S&P 500 stock futures nudging up 0.1%, while Nasdaq futures added 0.2%.

The MSCI All-World index, which fell 2.1% last week in its worst weekly performance since April, was narrowly in positive territory. The JSE's All Share Index gained 0.7%, with Sasol (+6%) and Amplats (3%) gaining ground after announcing a trading update and results, respectively..

The dollar held steady against a basket of currencies , while crypto - which has tended to be a beneficiary of the growing chances of a return of Trump to the White House - steadied after having fallen on Sunday following Biden's announcement.

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