FT News Briefing Investors brace for choppiness ahead of US election, Scottish independence, weak US dollar
Sep 2, 2020
Investors are bracing for a wild ride with the looming U.S. presidential election, raising concerns about market volatility. Meanwhile, Nicola Sturgeon is reigniting discussions on a second Scottish independence referendum, reflecting a surge in public support. In other news, former McDonald’s franchisees are suing the company over discrimination claims. Additionally, the weak U.S. dollar is sparking debate about its global economic implications, particularly impacting trade and emerging markets.
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Election Volatility
- Investors are anticipating increased market volatility due to the upcoming U.S. presidential election.
- Volatility futures premiums are significantly higher than in previous elections, suggesting a turbulent period.
Scottish Independence
- Scotland's First Minister, Nicola Sturgeon, has revived plans for a second independence referendum.
- Recent polls indicate a potential shift in public opinion, with a majority now possibly favoring independence.
McDonald's Lawsuit
- Around 50 former Black McDonald's franchisees are suing the company, alleging discriminatory practices.
- They claim McDonald's steered them towards less profitable locations with higher operating costs, leading to business failures.