"Investors are now questioning the popular market view that Trump will aggressively pursue policies that exacerbate U.S. inflation and derail Federal Reserve rate cuts, given voter anger about living costs and consumer price rises."
"The news flow (for non-U.S. markets) is so negative right now that any kind of good news could move things quickly," Morningstar European equity strategist Michael Field said.
"I think Trump will be very focused on making sure he doesn't cause an inflation spike," Pictet's Ramjee said.
"Barclays economists said while Trump's threatened 60% import tax would shave two percentage points off Chinese economic growth, the tariffs would likely be much lower and implemented gradually."
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