Donald Trump is set to enter the White House again - with big economic consequences around the world
Experts say that Trump’s focus on deregulation in the sector is likely to have a short-term positive impact on some US stocks And there will also be impacts for people’s money in the UK – which we’ve outlined below.
However, the Bank is still forecast to cut interest rates from 5 per cent to 4.75 per cent on Thursday.Experts say that Trump’s focus on deregulation in the sector is likely to have a short-term positive impact on some US stocks.Many people in the UK may find their own investments – for example their stocks and shares ISA accounts or their pension funds – have significant exposure to the US.
Justin Onuekwusi, CIO at St James’s Place, said: “Given Trump’s focus on international negotiations, sectors tied to international trade – particularly tech and consumer goods – may experience more volatility. On the other hand, his emphasis on deregulation and corporate tax cuts could give short-term boosts to industries like traditional energy, financials, and defence.”
“Over the medium to long term, which should be the time horizon for all investors, US markets have grown, regardless of who is sitting in the White House.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Joe Rogan discusses game-changing Dana White boxing rumour with Donald Trump...Joe Rogan and Donald Trump discuss game-changing boxing rumour linking Dana White boxing to Saudi Arabia.
Read more »
Donald Trump is bookies favourite to enter White House after punters correctly called 2020 US election...The Sun’s political editor Harry Cole hosts a special US election episode of Never Mind The Ballots
Read more »
The Donald Trump-Kamala Harris White House race in picturesThe most tumultuous presidential campaign in living memory is almost over
Read more »
Donald Trump closing in on White House after winning two key statesThe Republicans have also seized control of the Senate
Read more »
People confused as Dana White addresses Florida supporters after Donald Trump declares himself US presidentDana White has appeared on stage to give an unexpected speech after Donald Trump declared himself as the new President of the United States.
Read more »
World reacts to Donald Trump's 'historic election victory' and return to the White HouseWorld leaders have rushed to congratulate Donald Trump on his 'historic election victory'.
Read more »