Far removed from the downtrodden they seek to understand, industry elites migrated to the Swiss Alpes to discuss the world’s geopolitical landscape. The most rich and powerful met in Davos for the annual World Economic Forum last week to discuss the political and economic landscape of the world we encompass.
Populism has been dictating markets, overshadowing recent economic data, such as earning releases.
As the Donald Trump inauguration approaches, the market remains cautiously optimistic. The election of Donald Trump sparked a rally in the market. As the laws of physics dictate, ‘what goes up, must come down’, will the first day of Trump’s presidency cause this logic to come into effect or will the rally continue to roar?
The countdown is on! Today, in a historical twist of fate, that will change the face of US politics, Donald Trump becomes the president of the United States of America. Today, Trump takes hold of a divided nation. Today, Trump becomes the leader of the free world.
One small step for Trump, one giant leap for mankind. In a historical twist of fate, the world looks on as Trump takes the oval office.
The fate of the US economy will come into focus in the next few months. As president-elect Trump turns into President Trump, the rhetoric will change. What will happen? No one knows for sure.
On a sunny day in San Francisco, Federal Reserve Chair Janet Yellen said that the Fed is nearing its binary goal of price stability and full employment. The Fed Chair’s views on the US economy are hawkish. In a speech titled ‘’The goals of monetary policy and how we pursue them’’ Yellen expected that the Fed will raise interest rates ‘’a few’’ times from 2017 to 2019.
Chinese President Xi Jinping promoted global business in his speech on Tuesday, and earnestly appealed to global elites to reject the idea of a trade war.
A break up is never easy and that’s what the markets are struggling with this morning. Theresa May’s speech yesterday has shaken the market. Although, indices have rebounded slightly, Cable is moving downwards after enjoying a rally on the back of May’s speech.
The market has been dominated by British Prime Minister Theresa May’s speech today. May’s speech had a positive undertone which helped boost Cable, in the best trading day the pound has seen since 2008.