The global markets have spoken. And so have the odds-makers.
Moments after Tuesday night’s bruising Trump-Biden presidential debate, the world weighed in on who won and who lost. Judging by the closely watched betting markets, score one for the blue team.
“Biden seems to have come ahead in last night’s… somewhat-chaotic debate against Trump,” Holger Schmieding, chief economist at Berenberg Bank, wrote in a note to investors this morning. “The probability of a Biden win has risen to 58.4% versus 55.3% just ahead of the debate, up from 51.0% four weeks ago. The probability of a Trump win has fallen to 40.0% from 42.5% before the debate and 46.2% four weeks ago.”
Berenberg’s Schmieding included in the report the following chart showing the latest odds:
Throughout the morning, the gap had widened further. As of 7 a.m. ET on Wednesday, Biden had taken a 20-point advantage (59.3% to 39%) … Read More