Deutsche Bank’s shares fell again yesterday (-0,97% added to the 5.16% drop on Friday) after releasing a profit warning for the 2017 fiscal year. This is due to the negative impact of the tax reforms in the US and worse figures in investment banking as a result of low trading levels.
US tax reform
President Donald Trump signed on Friday the most comprehensive reform of the US tax system in more than three decades.The effects of the tax reform for each of the US economic sectors has been widely detailed by experts in the last months. Specifically BBVA Research have analysed Trump’s tax overhaul from the housing market’s angle.