MARKET OPEN: Possible US election delay and grim US data may set the tone

Fri, 31 Jul 2020

Possible delays to the US election, a plunge in US economic output and rising claims for unemployment benefits may spook investors today although key quarterly reports from Apple, Amazon, Facebook and Alphabet could turn things around. Markets were jittery after US President Donald Trump tweeted that universal mail-in voting will lead to the most “inaccurate and fraudulent election in history” and said “delay the election until people can properly, securely and safely vote???”. According to the BBC, Trump does not have the authority to po...

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