LONDON: Investors, already skittish ahead of US elections in November, now have another thing to worry about: The president's health.
But if the 74-year-old gets very sick and has to be hospitalised, as British Prime Minister Boris Johnson was earlier in the year, or the virus spreads to other members of his administration, investors will be alarmed. Volatility gauges rose, with the widely-watched VIX up to nearly 29 points, from around 27 points on Thursday.
And in a sign of further uncertainty after the Nov 3 US.election, the premium of the November futures contract on the VIX widened over its December counterparts US stock futures fell nearly 2 per cent in London before trimming some losses, while government bond yields slid as investors assessed the impact of the president's illness and quarantine for financial markets.
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Source: ChannelNewsAsia - 🏆 6. / 66 Read more »