Market reaction to Biden's withdrawal from the election, problematic China, company stock news
Fundamental Reviews
• Biden has officially withdrawn from the presidential race. The market reaction has so far been restrained. Futures on Wall Street firmed slightly, bond yields fell slightly and the dollar overall was little changed. Biden has endorsed his Vice President Kamala Harris for the job, putting her in a strong position for the nomination, which is officially scheduled for the Aug. 19-22 Democratic National Convention. It is also possible that the party will consider a virtual nomination before the convention.
• Betting site PredictIT showed odds on a Donald Trump win fell...