Ugly US election looms large over ECM

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By Sam Kerr
05 Oct 2020

Global equity capital markets bankers anticipate a disorderly US election in November. They fear that a disputed contest between president Donald Trump and former vice-president Joe Biden could lead to sustained market volatility which would severely impact ECM issuance.

The presidential debate between Biden and Trumplast week was a chaotic affair, with Trump rudely interrupting Biden throughout and the former vice-president branding the country’s 46th commander in chief “a clown” and “the worst president in history”.

For equity market participants, the first debate added to an already ...

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