With Mr Trump confirmed as the next US President and a Republican sweep priced in as a 94% probability, US equities, especially those likely to benefit from his policy changes, took off yesterday. The rally was echoed by the US dollar and Bitcoin. US Treasuries sold off on expectations that Mr Trump’s fiscal plans and proposal to hike tariffs will boost inflation and erode the Fed’s ability to lower rates. Europe’s equity markets were lower on the day as they digested the US news. Chinese markets have rallied this morning on the back of positive export growth data and the expectation of renewed stimulus. On the agenda for today – central bank meetings in the UK and the US: expectations are for a 25 basis point rate cut by both the Bank of England and the US Federal Reserve. Mathieu Racheter, Head of Equity Strategy, joins the podcast to talk us through what a Trump sweep would mean for various different asset classes.
00:00 Introduction by Helen Freer (Investment Writing)
00:54 Markets wrap-up by Bernadette Anderko (Investment Writing)
07:27 Cross-asset class implications of US election result: Mathieu Racheter (Head of Equity Strategy)
16:12 Closing remarks by Helen Freer (Investment Writing)
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