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Stocks nudge higher after U.S. presidential debate

Thursday, October 20, 2016 - 01:39

Stock markets rise but the Mexican peso sees a mixed performance after the third and final U.S. presidential debate. As Sonia Legg reports it's judged to have not given a decisive boost to Donald Trump's hopes of winning the White House.

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These Japanese students enjoyed the show at Tokyo's U.S. embassy. And for many there was only one winner. (SOUNDBITE) (English) 22-YEAR-OLD STUDENT, NAO OSHIBE, SAYING: "Hillary really tried to, you know, send out the message to the people, whereas Trump was just going on his own. He was just thinking about how he could possibly win the debate." Markets too have largely made up their minds. All eyes again on the Mexican peso because of its sensitivity to Trump's anti-immigrant stance. (SOUNDBITE) (English) FXPRO, HEAD OF RESEARCH, SIMON SMITH, SAYING: "The polls has already moved in Hilary Clinton's favour ahead of the debate so this wasn't going to be a groundbreaker so we've seen the dollar marginally higher, the Mexican peso, which people have looked at around these debates and seen some volatility, is also higher." It wobbled a bit later in European trade but stocks markets inched up after the debate was judged to have given no clear boost to Trump. And it was another suggestion that brought the biggest shock, according to one U.S. entrepreneur watching in South Korea. (SOUNDBITE) (English) AMERICAN ENTREPRENEUR, JOANNE OOI, SAYING: "He has created a very dangerous and unexpected cult of personality around him. And in this final debate where he said he would not accept the results of the election necessarily, I think that's a very radical statement against the backdrop of democracy in the United States." A not so radical statement - but an important one none-the-less - is the Fed's decision on interest rates. And New York Fed President William Dudley has given the clearest signal yet that rates will rise this year if the economy remains on track. Markets now put the chance of a December hike at 70 percent.

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Stocks nudge higher after U.S. presidential debate

Thursday, October 20, 2016 - 01:39