Francesco Saraceno | Trump is not the John Maynard Keynes of 2016. His agenda is, broadly speaking, an agenda of deregulation, tax cuts for the rich, and retreat of the State from the economy. Not to mention the strong chance of a more hawkish Fed in the future. To sum up, Trump is, in the best case scenario a new Reagan.
Trump’s victory has been yet another nail in the coffin of the breed which has ruled the world for decades. This bipartisan group exists in every country, but is well connected via the G-7 and the G-20, as well of course by the EU and the collateral networks of the World Bank and AMC.
BoAML | Council member Nowotny stated on 9 November that “how the Fed reacts” will be “key”. Unfortunately, the ECB will meet before the FOMC, on 8 December. The ECB will need to rely on its own and the market’s expectations of the Fed.
Spanish power company Iberdrola is involved in the electricity and gas generation and distribution businesses in the US. It also has 5.504MW of installed capacity in Mexico, mainly in combined gas cycles. This is one of the pillars of future growth for Iberdrola as it is constructing 4.000 MW to reach a 2020 target of 10.000 MW of installed capacity.
A real estate tycoon and reality showman will head the world’s most powerful nation, winning an astonishing victory grounded on outright lies and a shallow promise to make America great. His roguish conduct, threats and abuse towards Hillary Clinton, migrants, women, disabled persons and servicemen killed in action, did not deter voters from supporting him.
A stock market catastrophe has been announced if Donald Trump won. However, after the intitial shock, most of European financial places, except Ibex, have closed, upwards. Despite Mr. Trump is a political newcomer we may not understimate his capacity of turning his latest endeavor into a success.
Donald Trump has finally triumphed in the US presidential elections, after winning in key states like Florida, Ohio and Pennyslvania. The Republican Party has a secured control of the House of Representatives (the lower house of the US Congress) and it also looks like it will maintain control of the Senate (the upper house).
AXA IM | While the magic of Mario Draghi was being fully played out, the economic and financial outlook looks on an improving path to recovery in a post-crisis world. Clouds in this blue –but not entirely clear– sky may emerge from the political sphere.
Trump is not peculiar just to the US. There are Trumps in Austria, France, the UK and in every country. Except, surprise, surprise, in Spain!
The big hope of political self-starters like Donald Trump are those voters without a university education, once members of the US middle-class, who accounted for 36% of the electorate in the last elections.