US Election 2024 LIVE Updates: Harris win could give yen a boost, Trump could deepen crisis

A victory by Kamala Harris in the US presidential election could potentially support Japan’s struggling currency, while a victory by Donald Trump would likely boost the Tokyo stock market and put the yen at risk of a deeper fall.

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

They warn that the risk of a contested election outcome means that, regardless of the initial winner, a period of increased volatility is likely. (Bloomberg)

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

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

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

These outflows come as digital asset traders prepare for a period of increased volatility in the wake of the US election. (Bloomberg)

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

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

The United States Intelligence Community (IC) said it expects foreign influence operations to “intensify through Election Day and in the weeks to come,” adding that “the “Narratives of foreign influence 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 “Russia poses 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 tight hours before voting begins, prominent US political scientist Ian Bremmer said no outcome would surprise him in the close election, even though he considers Trump the “favorite very narrow.”

He further pointed out that some polls showed Trump was “surprisingly weak” in Republican-leaning states, adding that the minds of undecided voters and the turnout operations of both parties could eventually play a decisive role in the results.

Ian Bremmer is chairman and founder of Eurasia Group, a geopolitical risk consultancy, 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 narrow favorite in this race, but this is a low-conviction view, reflecting how close the polls and numbers are. weekend polls which showed him surprisingly weak in the Republican camp. Leaning states. »

“No result would surprise me. The deciding factors will be: how undecided voters split over the final days and which party has the most effective turnout,” he added. (ANI)