US Presidential Election Likely to Impact Global Markets

As Formula 1 heads to Mexico City, a unique in-competition test will take place during the second practice session, focusing on validating Pirelli’s 2025 tyre compounds. This session, extended to 90 minutes, aims to enhance strategic options for the race, with drivers allocated sets of both current and prototype tyres for performance and long runs. Meanwhile, the upcoming U.S. elections are poised to have significant ramifications for global markets, particularly in Latin America, where trade policies, tariffs, and economic stability are under scrutiny. Analysts suggest that a victory for Donald Trump could exacerbate trade tensions, particularly with China, which would affect Mexico the most, while a win for Kamala Harris may lead to a more stable trade environment. South African investors are also closely monitoring the elections, as potential tax policy shifts could impact corporate profitability and investment strategies. Overall, the elections could reshape economic landscapes in various regions, emphasizing the interconnectedness of global markets.