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World stock exchanges act as watchdogs for US presidential debate

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Investors look to Trump and Biden for discussion to map out next steps in the markets

The world’s stock markets are in a state of waiting because of expectations about the first presidential debate in the United States and the consequences of the increase in the number of coronavirus cases around the world.

European stock exchanges and Wall Street futures are operating down, while Asian stock exchanges have closed mixed. The whole market is moving sideways today.

The world has reached the mark of 1 million coronavirus deaths and 33 million confirmed cases that make the uncertainty about the global economic recovery even greater.

In the United States, investors are preparing to follow the first debate between President Donald Trump and Joe Biden. The futures of the S&P 500 fall 0.08%, while those of the Dow Jones fall 0.06%.

Nasdaq futures fall 0.20%. Bitcoin continues to the News Spy in fall in line with traditional indices.

Gold is the only asset valued on the day (1.13%), while Bitcoin bitterly declined by 1.64%, again showing correlation with the stock market.

National economy

The Focus survey released Monday by Brazil’s Central Bank (BC) showed that the scenario now is for the IPCA to end 2020 with a 2.05% rise, from 1.99% projected the week before. For 2021, the projection remains for inflation at 3.01%.

In this scenario we can expect an economic recovery not in V as the IMF had predicted, but in K. Where falling interest rates can foster economic recovery, but can also impact the financial market and thus the release of credit by banks, hampering business innovation.

The market today follows the release of the IGP-M: the General Market Price Index (IGP-M) rose 4.34% in September, against a 2.74% advance in August. With this result, the index has accumulated a 14.4% increase for the year and 17.94% over 12 months. With this scenario, the rental market should undergo upward readjustments.

As a result, there could be a further downturn in the real estate market, which has been hard hit by the pandemic, with the growth of the home office and the abandonment of physical offices by companies.