Traders are still trying to make sense of what Donald Trump’s COVID-19 infection means to risk appetite. There are some suggestions that he is stable yet also that he is on a steroid treatment only used for the more severe of cases. The broad assessment is that Trump will really struggle over the final month of the Presidential election campaign. Quite how the voters of the US make of this may be reflected in the opinion polls, but if voters do not know what a Trump presidency brings now, they must have been living in a hole for the past four years. Markets are a little more settled today, with risk appetite recovery ... (full story)