Global shares dip ahead of U.S. presidential debate, fiscal stimulus decision
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European shares fell on Tuesday morning as investors awaited the first U.S. presidential debate as well as the conclusion for a fiscal stimulus package by U.S. Congress.
In Europe, the broader Euro STOXX 600 fell 0.4%, erasing gains from an earlier session, with indexes in Frankfurt, Paris, and London falling by 0.4%-0.5% each.
U.S shares were expected to open lower, with S&P 500 and Nasdaq futures to retreat into negative territory.
Meanwhile, Investors are weighing the potential impact on the U.S. economy of either the re-election of President Donald Trump or a victory for Democratic presidential nominee Joe Biden.
Many see a Biden victory increasing the chances of further fiscal stimulus to counter the economic damage from the coronavirus pandemic, judging such a scenario would be a boon for stocks.
The MSCI world equity index, which tracks shares in nearly 50 countries, was flat.
With the global economy currently dealing with the COVID-19 crisis, investors remain optimistic for a stimulus package which could help alleviate the economic damage done on the U.S. by the virus.