The first televised debate for the 2024 US presidential election has just ended, and this year's first showdown between Biden and Trump has finally taken place. These two oldest US presidential candidates did not disappoint and put on a good show. Please use your Futubull account to access the feature.

This is the first time that two former US presidents have participated in a presidential debate, and it is also the second time that Biden and Trump have competed on the same stage. This also marks the earliest presidential election televised debate in the United States.

Regarding this debate, analysts from various financial institutions have made the following comments:

Andrew Lilley, Chief Interest Rate Strategist at Barrenjoey

We have not seen the market trend yet, as it is not during US trading hours. However, if you look at the forecast market, Trump's chances of winning the election have risen from about 55% since the start of the debate to 60%. There is a lot of debate about whether this is good or bad news for the stock market.

But I can tell you that the consensus among bond markets is clear. If Trump wins the election, yields may rise. So far, yields have been rising because Trump (winning) is more likely.

Karl Schamotta, Chief Market Strategist at Corpay

Biden's performance was very poor, which caused Trump's chances of winning to sharply rise. This led to a sharp drop in trade-sensitive currencies such as the Mexican peso, Canadian dollar, and even the euro against the dollar.

Matt Simpson, Senior Market Analyst at City Index Group

Some indicators on Wall Street have risen in the past hour, which can be seen as a sign that Trump is "more popular", because we all know he is friendly to Wall Street.

However, this debate is unlikely to shake the steadfast supporters of Trump or Biden. Trump once firmly controlled the market during his presidency, but now it seems that this influence has passed.

Redmond Wong, Greater China Strategist at Sun Hung Kai Bank

Biden's performance in the debate was not as expected, and the market is increasingly thinking that Trump is more likely to be elected president. Bond yields are rising. They didn't talk much about issues related to the trade friction with China, which is a good thing for the Chinese market in a sense.

Aninda Mitra, Head of Asian Macro and Investment Strategy at BNY Investments, Singapore

After watching the live broadcast of this debate, I doubt whether it will have a decisive impact on the prospects of the candidates. At present, the election is still evenly matched and may drag on until the last moment. I doubt whether this will have a decisive impact on the performance of risky assets. However, the tension may persist, suggesting that volatility may rise.

More importantly, this year, in the context of monetary tightening and geopolitical frictions, risky assets have shown amazing resilience. Therefore, we maintain a "neutral" stance on most asset classes, while expecting the Fed to start a mild rate cut cycle from September.

Jason Wong, Senior Market Strategist at Bank of New Zealand

Biden gave a bad impression. Trump's election means tariffs, and simply put, this means the dollar will strengthen. When Biden started to speak, the dollar rose. Therefore, conversely, if Biden performs like this, he may find it difficult to continue as a candidate.

Ben Bennett, Head of Investment Strategy for GIM Asia.

The debate focused mainly on domestic issues in the United States and challenging each other's governance records. With a long time until the November election, the direct impact on the market is relatively small, which is not surprising.

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