José Luis M. Campuzano (Spanish Banking Association) | “The only thing which is predictable is total unpredictability.” I don’t know who invented this phrase but I believe it is a very good summary of everything we have heard in Davos: wait and see what happens, whatever it is. That doesn’t mean the sentiment of the Agenda has been negative.
Donald Trump started his mandate with a speech which gave a glimpse of worrying issues. Amongst the points to be highlighted are his promises of increased protectionism against imports, a harder stance against immigration and a huge dose of populism. For Donald’s kind of populism.
On November 8, 2016, Modi declared that Rs500 ($7.30) and Rs1,000 notes were no longer legal tender. He hailed demonetization as an iconic move to nip forfeit currency and corruption in the bud. Has Narendra Modi succeeded in removing black money from the economy or has he brought India to its knees?
Since Donald Trump’s victory in the US elections, the markets have seen declines in fixed income securities – bonds have lost 1.5 billion dollars – and rises in equities – with the value of global equities rising by 1.7 billion dollars. The emerging markets have retreated, while there has been an improved performance from cyclical sectors, particularly the financial sector. So we need to ask what will be the best bets for investors once Trump’s presidency begins.
Donald Trump is clearly interfering with corporate liberty, directly criticising on Twitter every investment the big companies make. But the question is that he functions by and for the cameras and hasn’t taken in what the rule of law is. So you can’t ask him to have respect for regulations and institutions. He will be sworn in today.
Fair Observer | Since before he first took over the presidential office in 2009, the young senator from Chicago Barack Obama carried an air of hope and promise. “Yes we can!” became a winning slogan that sought to propel America forward into a brighter future.
The January update of the IMF’s “World Economic Outlook”, published in October, confirms that Spain will recover this year all the GDP growth lost during the economic crisis, exceeding in 2017 for the first time the volume of growth in 2008.
Last week China’s trade data for December disappointed on the export side, with exports declining 6.1% y/y in USD terms. Imports were around expectations with a 3.1% rise.
A review on fixed income market cannot omit president-elect Trump’s first press conference of the year, although it contained little substance for investors trying to understand what the economic priorities of the new Administration will be.
J.L. M. Campuzano (Spanish Banking Association) | The World Bank is predicting an acceleration in global growth rate for this year of up to 2.7%, after the lowest level of growth in the wake of the Crisis estimated last year. In general, the latest global economic data is fuelling optimism.