Global Weekly: Troubles for Trump
In the US, political turmoil around President Donald Trump continued and his tax reform plans seem further away than ever. As a result, financial markets declined.
In the US, political turmoil around President Donald Trump continued and his tax reform plans seem further away than ever. As a result, financial markets declined.
At its meeting on 11 May, ABN AMRO affirmed the existing asset allocation. Equities continue to be favoured over bonds. The view on real estate is also positive and commodities are avoided. A neutral stance is taken toward hedge funds. Within bond portfolios, ABN AMRO suggests taking profits in Italian government bonds and using the proceeds to invest in European inflation-linked bonds.
ABN AMRO Private Banking crowned ‘Best Private Bank – Client Service’ and ‘Domestic Clients Team’ at the WealthBriefing European Awards 2017
With the French elections behind us and the first-quarter earnings season coming to an end, financial markets now seem to have some room to relax.
Equity markets gained further territory this week, especially in Europe. Bond yields – moving inversely to prices – also rose, as demand for safe havens declined.
On 6 December 2016, ABN AMRO announced to have reached an agreement with LGT Group on the sale of ABN AMRO’s private banking activities in Asia and the Middle East.
Investors applauded the outcome of the first round of presidential elections in France.
The first round of the French presidential elections is on Sunday. We expect a marketfriendly win in the end.
The positive factors that have supported equities since the fourth quarter of last year are expected to continue. This is in line with a belief that the expansion phase of the business cycle is not diminishing, and, instead, we are seeing one of the longest periods of uninterrupted US growth since the end of World War II.
Equity markets edged lower this week, moving in tandem with bond yields. The US missile attack on Syria only evoked a muted market response.