A year that witnessed political power ebb away from centrist politics and towards fringe populism and nationalistic ideologies culminated in the election of Donald Trump – the Republican Party’s far-right, nationalistic, anti-trade and immigration, property mogul nominee. His triumph over Democrat Hilary Clinton, who many saw as the encapsulation of the political establishment, reflected the electorate’s disenchantment with such politicians and the inequality that has resulted from their pro-trade and immigration policies of the past decade.
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Imperium Capital Publication
Weekly Digest – 18 December 2016
- Fed raises US interest rate
- US-China tension impacts markets
- UK inflation reaches two year high in November
- Euro area inflation in line with expectations
- Emerging markets fall back amid dollar strength
Weekly Digest – 11 December 2016
- Italy Markets climb on ‘Santa Claus rally’
- ECB extends quantitative easing programme
- Volatile week for Italian banks following referendum
- Encouraging trade data out of China
- Oil surges after more countries agree to cut production
Weekly Digest – 04 December 2016
- Italy rejects Renzi’s constitutional reform proposal
- OPEC agrees to cut oil production
- Mixed US employment report ahead of expected rate hike
- Far-right candidate beaten in Austria’s Presidential election
- Bond price descent continues into December
Weekly Digest – 27 November 2016
- US indices record new highs
- Fillon wins French centre-right primary
- UK Q3 GDP growth at +0.5% amid sombre OBR forecasts
- Euro area PMIs show encouraging signs of growth
- Trump reiterates intent to leave TPP
Viewpoint – November 2016
Throughout October, all eyes were on the build-up to the US election. Markets broadly followed the ebbs and flows of each candidate’s campaign momentum. As such the announcement that the FBI was to re- open its investigation into then candidate Hillary Clinton’s email account led to a wave of risk adverseness and portfolio hedging throughout global markets. The S&P 500 index lost 1.9% over the month, whilst European stocks lost 1.0%.
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Weekly Digest – 20 November 2016
- US dollar and global bond yields continue to rise
- Fed Chair Yellen hawkish in latest remarks
- Draghi dovish amid euro weakness
- UK retail sales surprise on the upside
- Safe-haven assets continue to be out of favour
Weekly Digest – 13 November 2016
- Donald Trump wins US election to become 45th US President
- Property mogul’s victory sparks bond sell-off
- Emerging market currencies suffer
- Investors focus on sectors that will benefit from Trump’s policies
- Commodity falls lead by oil and gold
Weekly Digest – 06 November 2016
- Investors hedge risk ahead of US election
- US employment data reinforces hike expectations
- UK High Court rules Parliament must vote to trigger Brexit
- Europe Q3 GDP growth at +0.3%
- Oil falls on rising inventories and falling faith in OPEC
Weekly Digest – 30 October 2016
- US and UK Q3 GDP surprise to the upside
- FBI reopen Clinton email investigation; US markets falter
- Global bond yields continue to rise
- Europe shows signs of recovering economic activity
- Unsuccessful OPEC meeting sparks oil price fall