By Lewis Krauskopf, Davide Barbuscia and Laura Matthews

NEW YORK (Reuters) -Wall Street is on edge heading into the New York City mayoral election on Tuesday, with a potential victory for Zohran Mamdani set to reverberate through the heart of global capitalism, where financiers worry about the city’s lasting competitiveness and appeal.

Investors also are watching the results of governors’ races in New Jersey and Virginia to gauge whether Democrats are gaining momentum against President Donald Trump’s Republican Party ahead of next year’s U.S. midterm elections.

Mamdani, a 34-year-old state lawmaker who won the Democratic nomination, has been leading in polls and betting markets in a fierce contest to run New York, the U.S. financial capital.

Wall Street and the finance industry have ex

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