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US market rally more likely a reaction to Joe Biden's victory than US Fed cutting rates, says Ramesh Damani

Updated : March 05, 2020 11:15 AM IST

The US market was reacting more to Joe Biden's victory versus the Fed cutting rates, said Ramesh Damani.
Even if the US rally is primarily because of the sudden emergence of Joe Biden as the frontrunner, it would spillover to global markets, said Geoffrey Dennis.

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