Possible scenario
Unrest Spreads Further
20% Chance
A less likely but serious path is that curfews fail to stop copycat violence in additional cities. This would create a larger national-security issue, disrupt transport and tourism, and produce a clearer risk-off reaction in European-exposed assets.
Initial impacts
- Riskier companies' borrowing costs Up
- Market volatility Up
- 10-year Treasury yield Down
- US dollar Up
Secondary impacts
- Consumer Services -1.0%
- Finance -0.7%
Portfolio impact
S&P 500-0.9%
Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.
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