Trump Assassination Attempt: Market Impact and Political Ramifications

Saturday's shooting at Donald Trump's election rally could bolster his odds of reclaiming the White House, with markets reacting bullishly. Trump's resilience post-attack and solid donor support contrast with Biden's waning confidence amid U.S. voters' preferences on immigration and the economy. Investor outlooks predict notable fiscal changes under a potential Trump administration.

Saturday's shooting at former U.S. President Donald Trump's election rally has increased his chances of winning back the White House, according to investors. Betting on his victory is projected to rise this week.

During the rally in Pennsylvania, Trump was shot in the ear, an incident being treated as an assassination attempt by authorities. Despite the attack, Trump pumped his fist moments later, with his campaign confirming he was fine. The markets had already reacted positively to a potential Trump presidency, bolstering the dollar and U.S. Treasury yields.

This marks the first attack on a major U.S. political figure since the 1981 assassination attempt on Ronald Reagan. Experts believe it could significantly impact the tight race between Trump and President Joe Biden, with some predicting a landslide victory for Trump.

(With inputs from agencies.)