Free Trial
BRENT TECHS

(H3) Bearish Threat

OUTLOOK

What to watch

EQUITY TECHS

E-MINI S&P (H3): Uptrend Remains Intact

EURJPY TECHS

Bull Flag?

EUROZONE ISSUANCE

EGB Supply - W/C January 30, 2023

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Betting Markets See Trump Favoured To Take GOP 2024 Presidential Nomination

US

Betting markets, reflecting a shifting sentiment around the 2024 presidential race, are showing an uptick in former President Donald Trump's chances of taking the Republican presidential nomination.

  • Support for Donald Trump cratered after a poor performance at the midterm elections. The rejection of Trump-backed midterm candidates and Trump's mounting legal troubles shifted focus to Florida Governor Ron DeSantis (R-FL), seen by many as a more electable version of "Trumpism."
  • This month's controversy surrounding President Biden's improper storage of classified government documents has compelled a re-evaluation of Trump chances, with many observers arguing that Biden's controversy has dulled many of arguments against Trump's candidacy.
  • Today, Trump is the bookmakers favourite for the first time since the day of the Midterm Elections.

Chart 1: 2024 Republican Presidential Nominee (Smarkets)

125 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Betting markets, reflecting a shifting sentiment around the 2024 presidential race, are showing an uptick in former President Donald Trump's chances of taking the Republican presidential nomination.

  • Support for Donald Trump cratered after a poor performance at the midterm elections. The rejection of Trump-backed midterm candidates and Trump's mounting legal troubles shifted focus to Florida Governor Ron DeSantis (R-FL), seen by many as a more electable version of "Trumpism."
  • This month's controversy surrounding President Biden's improper storage of classified government documents has compelled a re-evaluation of Trump chances, with many observers arguing that Biden's controversy has dulled many of arguments against Trump's candidacy.
  • Today, Trump is the bookmakers favourite for the first time since the day of the Midterm Elections.

Chart 1: 2024 Republican Presidential Nominee (Smarkets)