US Election 2024 LIVE Updates: Harris win may give yen a boost, Trump’s slide could deepen

A victory for Kamala Harris in the US presidential election has the potential to support the weakened Japanese currency, while a victory for Donald Trump would likely boost the Tokyo stock market and put the yen at risk of a deeper decline.

These are just two of many possible market outcomes as investors and analysts outline multiple scenarios for the trajectory of Japanese assets.

They warn that the risk of a contested election result means that, regardless of who initially appears to win, a period of increased volatility is likely. (Bloomberg)

2024 US Election LIVE Updates: US Bitcoin ETFs Suffer Record Outflows Ahead of Election Day

US exchange-traded funds investing in Bitcoin recorded their largest daily net outflow to date as markets prepare for Election Day.

The group of 12 funds managed by companies including BlackRock Inc. and Fidelity Investments lost $579.5 million on Monday, according to data compiled by Bloomberg.

The outflows come as digital asset traders prepare for a period of increased volatility immediately following the US election. (Bloomberg)

2024 US Election LIVE Updates: US Intelligence Warns of Russia’s ‘More Active’ Disinformation Efforts

The Federal Bureau of Investigation (FBI) on Tuesday issued a statement warning that the United States’ foreign adversaries, especially Russia, are intensifying efforts to undermine confidence in the presidential election and “stoke divisions among Americans.”

The US Intelligence Community (IC) said they expect foreign influence operations to “intensify during Election Day and in the weeks ahead,” adding that “foreign influence narratives will focus on swing states.” “.

The Office of the Director of National Intelligence, in a joint statement with the FBI and the Cybersecurity and Infrastructure Security Agency said that “Russia is the most active threat.” (ANI)

US Election 2024 LIVE Updates: Donald Trump ‘Very Narrow Favorite’; Both presidents will favor close ties with India, says political scientist Ian Bremmer.

As the race for the White House remains extremely close even hours before voting begins, leading American political scientist Ian Bremmer has said that no outcome would surprise him in this close race, although he sees Trump as the “very close favorite.”

He also noted that some polls have shown Trump “surprisingly weak” in Republican-leaning states, adding that the minds of undecided voters and the turnout operations of the two parties could eventually play the decisive role in the results.

Ian Bremmer is Chairman and Founder of Eurasia Group, a geopolitical risk advisory firm, and GZERO Media, a company providing intelligent and engaging coverage of international affairs.

In an email interview with ANI, Bremmer said: “We view Trump as the very close favorite in this race, but this is a low-conviction view, reflecting the closeness of the polls and polls over the weekend. which showed him surprisingly weak in Republican Party leaning states.”

“No result would surprise me. The decisive factors will be: how undecided voters break down in recent days and which party has a more effective turnout operation,” he added. (ANI)