Ugly US election looms large over ECM

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Ugly US election looms large over ECM

Trump_Biden_debate_PA_575x375_Oct5.jpg
In this photo illustration the US President Donald Trump and Democratic presidential candidate and former US Vice President Joe Biden are seen during the first presidential debate on a YouTube video displayed on a screen of a smartphone. United States presidential election scheduled on November 3, 2020. (Photo by Pavlo Gonchar / SOPA Images/Sipa USA) | SOPA Images/SIPA USA/PA Images

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.

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