Risk markets yawn at prospect of Trump victory – Asia Times

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Risk markets yawn at prospect of Trump victory

David Goldman suggests that despite high betting odds favoring Donald Trump, market volatility remains unusually calm, indicating that investors don’t see Trump as a disruptive anti-globalist force. Joe Biden’s idealism and fiscal mismanagement have arguably done more harm to global stability.

Germany’s Volkswagen crisis deepens

Diego Faßnacht reports that Volkswagen’s crisis is deepening, underscoring broader challenges in Germany’s automotive sector. Industry insiders warn that up to 190,000 automotive jobs could be at risk by 2035 due to rising energy costs, high labor expenses, and regulatory hurdles.

Ukraine increasingly fighting a losing battle

James Davis reports a deteriorating situation for Ukrainian forces, with significant Russian advances across various sectors. Ukrainian defenses are crumbling, and recent Russian gains in Selidovo and Kurakhovo have created the risk of a large-scale encirclement of Ukrainian troops.

Voters win Japan’s general election

Scott Foster reports that the right flank of Japan’s Liberal Democratic Party (LDP) is attempting to blame Prime Minister Shigeru Ishib for the party’s poor electoral showing even as his ascent potentially signals a new political center that emphasizes economic security and income growth.