Harris betting odds increase in tight race with Trump
Main U.S. indexes gain, but off highs; Nasdaq now up ~0.6%
Energy leads S&P 500 sector gainers; Healthcare sole loser
Dollar, gold up; crude up ~3%; bitcoin down >1%
U.S. 10-Year Treasury yield rises to ~3.93%
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
HARRIS BETTING ODDS INCREASE IN TIGHT RACE WITH TRUMP
Vice President Kamala Harris' chances of winning the November U.S. presidential election against former President Donald Trump are rising, in a race that remains far too close to call, betting markets show.
With 90 days to go before the Nov. 5 vote, contracts for a Harris victory are trading at 56 cents, with a potential $1 payout, on the PredictIt politics betting platform. Trump contracts are at 46 cents, down from as much as 69 cents in mid-July.
That is the widest lead for Harris on PredictIt since she replaced President Joe Biden as the presumptive Democrat nominee.
Odds on other betting websites show Trump with a narrow and declining lead.
Oddschecker.com has odds for a Trump election victory at -101, meaning risking $101 could win $100, translating to about a 50% probability. Harris odds are at +112, meaning a $112 bet could win $100, equivalent to about a 47% probability.
Polymarket, a decentralize predictions market, has Trump at a 51% probability and Harris at 48%.
Recent increases in betting odds that Harris will win the election come as she and her newly selected vice presidential running mate, Minnesota Governor Tim Walz, launch a multi-day tour of battleground states.
Nottingham Business School Professor Leighton Vaughan Williams, who studies politics betting, has found that, going back to 1868, betting markets correctly predicted the outcome of all U.S. presidential elections, except those in 1948 and 2016.
Shares of Trump Media & Technology Group DJT.O, majority-owned by Trump, are down 4% in Wednesday's session and are on track for their lowest close since April.
Trump Media is the parent company of social media platform Truth Social, and its shares have surged 48% in 2024, in part on bets Trump will win a second term as president.
(Noel Randewich)
*****
FOR WEDNESDAY'S EARLIER LIVE MARKETS POSTS:
WILL EARNINGS RIDE TO THE RESCUE? - CLICK HERE
BOJ "PUT' BRINGS SPOTLIGHT ON V OR W RECOVERY AFTER MARKET SELLOFF - CLICK HERE
WALL STREET GAINS FOR 2ND DAY WITH A LITTLE BOJ ASSIST - CLICK HERE
HSBC WEALTH PICKS HEDGE FUNDS AS VOLATILITY RISES - CLICK HERE
S&P 500 INDEX: TIME FOR ANOTHER TURN? - CLICK HERE
WHAT HAS CHANGED AFTER THE MARKET MAYHEM? - CLICK HERE
ANOTHER TECH BUYER COMES INTO THE OPEN - CLICK HERE
A NEW LOW BEFORE A PROPER RECOVERY, JUST LIKE IN 2018? - CLICK HERE
BANKS LEAD GAINS IN EUROPE, HEALTHCARE DRAGS - CLICK HERE
GREEN SHOOTS FOR STOCKS - CLICK HERE
BOJ SAVES THE DAY - CLICK HERE
Betting odds https://tmsnrt.rs/4dzO6pW
Mga Kaugnay na Asset
Pinakabagong Balita
Disclaimer: Ang mga kabilang sa XM Group ay nagbibigay lang ng serbisyo sa pagpapatupad at pag-access sa aming Online Trading Facility, kung saan pinapahintulutan nito ang pagtingin at/o paggamit sa nilalaman na makikita sa website o sa pamamagitan nito, at walang layuning palitan o palawigin ito, at hindi din ito papalitan o papalawigin. Ang naturang pag-access at paggamit ay palaging alinsunod sa: (i) Mga Tuntunin at Kundisyon; (ii) Mga Babala sa Risk; at (iii) Kabuuang Disclaimer. Kaya naman ang naturang nilalaman ay ituturing na pangkalahatang impormasyon lamang. Mangyaring isaalang-alang na ang mga nilalaman ng aming Online Trading Facility ay hindi paglikom, o alok, para magsagawa ng anumang transaksyon sa mga pinansyal na market. Ang pag-trade sa alinmang pinansyal na market ay nagtataglay ng mataas na lebel ng risk sa iyong kapital.
Lahat ng materyales na nakalathala sa aming Online Trading Facility ay nakalaan para sa layuning edukasyonal/pang-impormasyon lamang at hindi naglalaman – at hindi dapat ituring bilang naglalaman – ng payo at rekomendasyon na pangpinansyal, tungkol sa buwis sa pag-i-invest, o pang-trade, o tala ng aming presyo sa pag-trade, o alok para sa, o paglikom ng, transaksyon sa alinmang pinansyal na instrument o hindi ginustong pinansyal na promosyon.
Sa anumang nilalaman na galing sa ikatlong partido, pati na ang mga nilalaman na inihanda ng XM, ang mga naturang opinyon, balita, pananaliksik, pag-analisa, presyo, ibang impormasyon o link sa ibang mga site na makikita sa website na ito ay ibibigay tulad ng nandoon, bilang pangkalahatang komentaryo sa market at hindi ito nagtataglay ng payo sa pag-i-invest. Kung ang alinmang nilalaman nito ay itinuring bilang pananaliksik sa pag-i-invest, kailangan mong isaalang-alang at tanggapin na hindi ito inilaan at inihanda alinsunod sa mga legal na pangangailangan na idinisenyo para maisulong ang pagsasarili ng pananaliksik sa pag-i-invest, at dahil dito ituturing ito na komunikasyon sa marketing sa ilalim ng mga kaugnay na batas at regulasyon. Mangyaring siguruhin na nabasa at naintindihan mo ang aming Notipikasyon sa Hindi Independyenteng Pananaliksik sa Pag-i-invest at Babala sa Risk na may kinalaman sa impormasyong nakalagay sa itaas, na maa-access dito.
