Trump heading for 'a landslide' win after attempted assassination: investors

Former President Donald Trump survived an assassination attempt in Pennsylvania. The shooting incident occurred at a rally for former Trump, which investors believe could increase his chances of reclaiming the White House.

Trump sustained a gunshot wound to the ear while the attacked was reportedly neutralized. Despite the severity of the event, he was seen raising his fist shortly after the attack.

His campaign has confirmed that he is in stable condition following the assassination attempt.

In response to the shooting incident, investors anticipate a rise in market activities betting on Trump's victory in the upcoming week.

"From memory, Reagan went up 22 points in the polls after his assassination attempt. The election is likely to be a landslide. This probably reduces uncertainty," Nick Ferres, Chief Investment Officer at Vantage Point Asset Management, told Reuters. 

Prior to the attack, the possibility of Trump's return to office had already led to a stronger dollar and investors positioning for a steeper yield curve in U.S. Treasuries. These market movements are expected to gain further momentum, according to Rong Ren Goh of Eastspring Investments.

The shooting marks the first time a U.S. president or major party candidate has been shot since the attempt on President Ronald Reagan's life in 1981.

"I do think this will have a shock reaction on a market that has been on tenterhooks on the U.S. election.

"I see the odds of the Trump trade getting reinforced over the next few months till November, unless the Democrats can come up with a really credible alternative," commented Hemant Mishr, Chief Investment Officer at S Cube Capital.

Following this incident, billionaire hedge fund manager Bill Ackman and Tesla (NASDAQ:TSLA) CEO Elon Musk endorsed Trump.

All in all, the failed assassination attempt is likely to significantly impact the presidential race, which has shown a close contest in opinion polls. 

(Reuters contributed to this article)

 

Begin trading today! Create an account by completing our form

Privacy Notice

At One Financial Markets we are committed to safeguarding your privacy.

Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.

Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.

Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.

By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Back to top

Office network

One Financial Markets is the trading name of Axi Financial Services (UK) Ltd, a company registered in England with company number 6050593. Axi Financial Services (UK) Ltd is authorised and regulated by the Financial Conduct Authority in the UK (under firm reference number 466201)

The information on this site is not directed at residents of the United States, Belgium, Poland or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

www.onefinancialmarkets.com is owned and operated by Axi Financial Services (UK) Ltd.

Award winning broker
We have been presented with a number of awards that recognise the quality of our service and dedication to our clients :

Best FSA Regulated Broker
Saudi Money Expo

Best Education Product
Saudi Money Expo

Best Broker - Online Trading
IAIR Awards

Best Institutional Broker
Saudi Money Expo

Best FX Services Broker
CN Forex

Top International
FX Broker 2015

Saudi Money Expo

Broker of the Year
Online Trading – Middle East

IAIR Awards

Best Forex
Customer Service 2018

JFEX Awards

We accept the following payment methods: