According to The South African, Joe Biden’s decision to withdraw from the US presidential race has sparked new uncertainty in global markets. Following an assassination attempt on Donald Trump and the subsequent Republican convention, there was an increase in bets on Trump’s victory in the November election. Biden, responding to weeks of pressure after a poor debate performance and health concerns, endorsed Vice-President Kamala Harris to take his place. This development has left traders speculating about who will face Trump, whose anticipated victory had previously boosted equities and the dollar due to expectations of tax cuts and deregulation. Analysts predict market volatility in the near term.
What impact do you think Joe Biden’s withdrawal will have on the upcoming US presidential election?
