Market news
06.10.2020, 08:18

US Elections: Betting markets give the electoral vote edge to Biden – TDS

FXStreet reports that strategists at TD Securities inform that the vice-presidential debate is the next significant event of the campaign.

“Joe Biden added to his lead over President Trump in polling data after a contentious first debate. Some early polls also suggest that his support increased following news of the President contracting COVID-19. Biden's advantage in national polling is now 8.0pp, up from 7.3pp last week and 7.1pp at end-August”. 

“Betting markets also reflected Biden's momentum, with most battleground states registering gains for Biden over the past week”.

“Betting odds continue to indicate a Democrat majority in both chambers of Congress, with Dems now on track to flip five seats in the Senate (the IA race has shifted to Dems), while losing one seat. Democrats are also expected to add to their majority in the House.”

“The key upcoming event will be the Vice Presidential debate on 7 October.”

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