The "Trump Trade" has deflated ahead of the US vote, with market momentum shifting as polls and betting sites show increased support for Kamala Harris. Donald Trump's betting odds dropped from nearly 64% to 54%, influenced by a surprising Iowa poll indicating a lead for Harris, particularly among women voters. This shift has led to a slight rebound in European equity markets and increased volatility in the US, with potential bearish effects on markets if Harris secures a "surprise" victory.
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