Analyst: The first debate will not have a decisive impact on the election

Aninda Mitra, Director of Asian Macro and Investment Strategy at New York Mellon Investment Management: After watching the debate between Trump and Biden, I am skeptical about whether the debate will have a decisive impact on the prospects of both sides. The post-election market analysis has raised questions about whether candidates will change at the last moment. As it stands, the election is still undecided and may drag on until the last minute before clarity emerges. Whether this will have a decisive impact on risk assets remains unknown, but tensions may persist and implied volatility could rise. More importantly, risk assets have shown remarkable resilience in monetary tightening and geopolitical crises so far this year. Therefore, we remain neutral towards most asset classes.