US stock futures dipped and the dollar weakened in early Asian trading on Wednesday as Vice President Kamala Harris appeared to have outperformed President Donald Trump in their first debate. While the debate didn’t offer significant policy details, market analysts noted a potential shift in sentiment, with prediction markets showing Harris gaining ground.
Oil prices stabilized in Asian trade on Wednesday, following the easing of geopolitical tensions in the Middle East. Industry data indicated an unexpected draw in US inventories, providing some support to crude prices. However, the focus shifted to upcoming economic data, including GDP and inflation figures, which will provide cues on US interest rates and fuel demand. Weakness in the US dollar also supported oil prices by making it cheaper for international buyers.
