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Yahoo BusinessSep 30, 2020
U.S. Stock Futures Slip After Presidential Debate: Markets Wrap
(Bloomberg) -- U.S. equity futures slipped after an acrimonious American presidential debate highlighted the risk of a contested vote in November. The contracts headed lower in the hours after the chaotic sparring between Donald Trump and Democratic hopeful Joe Biden during which the president suggested vote-by-mail could be rife with fraud. In Europe, stocks were mixed amid declines in industrial-goods and tech shares while utilities gained. Portfolio rebalancing tied to the end of the month also had the potential to fuel choppy trading."Trump refused to soften his stance on the contested-elections scenario, which we think would have been a huge positive development for markets," said Win Thin, global head of currency strategy at Brown Brothers Harriman & Co. in New York.Global investors are also keeping an eye on news about coronavirus vaccines and the latest efforts to push through new stimulus measures in Washington, with key officials set to meet again Wednesday. A reminder of the pandemic's economic pain came from Walt Disney Co.'s announcement that 28,000 workers will be let go from its U.S. resort business.Treasuries and the dollar were mostly steady, along with the price of gold. Emerging-market stocks gained. Elsewhere, equities slumped in Asia. Crude oil traded around $39 a barrel in New York, heading for the first monthly loss since April, as the world's biggest trading houses signaled a meaningful recovery in demand is some way off.Here are some key events coming up:A large line up of E
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