Terrible presidential debate for Joe Biden. In yesterday's US presidential debate, the current president had a hard time convincing voters that 81 years is not an obstacle to another term. Biden struggled to make his point and sometimes gave strange answers to questions.
Still, the debate was more of a loss for Democrats than a victory for Republicans. According to RealClearPolitics, the average betting odds in favor of Trump rose by just 3 percent, while Biden's fell by as much as 13 percent. Panic in the Democratic camp increases the chances that Biden will have to give way to another candidate, so far the current governor of California Gavin Newsom has the best chances, whose chances of becoming president rose from 4 to 10 percent yesterday.
US stock markets await PCE data. The Fed's closely watched core personal consumption expenditure (PCE) inflation data will be released today, with an average of economists pointing to a likely slowdown from 2.8 percent. in April to 2.6 percent. in may If expectations are met, the chances of the Fed's first interest rate cut in September. should rise. US stock markets were minimally positive yesterday, with the S&P 500 up 0.1 percent. Investors in Europe will be waiting for preliminary June inflation in Spain, France and Poland, next week data on price growth in the euro zone will be published. European stock indexes fell yesterday, with the STOXX 600 down 0.4 percent, but today futures forecast a positive end to the week for the continent's stock markets.
