According to ChainCatcher, Lewis Grant, senior manager of global equity portfolios at Federated Hermes, said that as the US election approaches, financial markets may continue to be turbulent because of uncertainty about the election results. He said that the first presidential debate between Democratic candidate Harris and Republican candidate Trump provided little substantive policy interpretation, "uncertainty around which candidate's economic agenda will take effect - or even what these agendas are - will affect market sentiment."

Federated Hermes expects market volatility to intensify further before the Fed's meeting next week and the US election. "In the short term, the market will respond quickly to changes in the US election and the macro outlook." (Jinshi)