NEW YORK, Sept 15 (Reuters) - U.S. stock futures and the
dollar were little changed on Sunday after Republican
presidential candidate Donald Trump was safe following what the
FBI said appeared to be an assassination attempt outside Trump's
golf course in West Palm Beach, Florida.
Secret Service agents engaged a gunman in some bushes near
the property line of the golf course and fired at least four
rounds of ammunition, law enforcement officials said during an
afternoon press conference.
S&P 500 e-minis were down 0.04%. The Dollar Index
, which measures the U.S. currency's strength against six
major peers, was down 0.03% to 101.07.
Bitcoin was 0.7% lower on the day at $59,445. Trump has
positioned himself as a pro-cryptocurrency candidate.
While there was little market reaction to the news, analysts
said the incident had the potential to spur volatility.
"Foreign exchange rates could experience turbulence in the
coming hours as news of a second assassination attempt lands
amid thin trading volumes," said Karl Schamotta, chief market
strategist at payments company Corpay in Toronto.
Asset classes and sectors seen benefiting from a second
Trump term received a boost earlier this year after Trump
survived in an assassination attempt in Pennsylvania on July 13.
The so-called "Trump trade," however, came under pressure
last week after a closely watched debate between Trump and Vice
President Kamala Harris left betting markets pegging a stronger
likelihood of a Harris win in November.
"Perhaps we may see some look to get back into the 'Trump
Trade' if this sees Trump receive a boost in the polls like we
saw after the earlier assassination attempt - boosting both
equities, and the dollar," said Michael Brown, senior research
strategist at online broker Pepperstone, in London.
"That said, with the FOMC looming large on Wednesday,
conviction among market participants will likely be lacking
until we hear from Powell & Co," he said.
Betting markets logged little reaction to the incident on
Sunday, with Harris' odds in PredictIt's 2024 presidential
general election market at 56 cents, while Trump's odds were at
47 cents.
The Federal Reserve is in focus as uncertainty swirls over
how much the U.S. central bank will cut interest rates at its
-Sept. 17-18 monetary policy meeting and the pace at which it
will reduce borrowing costs in coming months.
"The dollar could yet climb on a modest recovery in the
'Trump trade,' but any effect should be relatively modest in
scale," Corpay's Schamotta said.