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Markets pause to ponder a Trump future

Friday, January 20, 2017 - 01:26

The dollar edged lower while stocks were little changed on Friday as investors held back ahead of Donald Trump's inauguration as U.S. president, appearing to have second thoughts over what the future will bring. Ivor Bennett reports

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Was this the moment of realisation? Markets suddenly aware of a what a Trump presidency might mean. (SOUNDBITE) (English) HEAD OF CORPORATE DEVELOPMENT, 7IM, JUSTIN URQUHART STEWART, SAYING: "Markets are finding it fascinating not only to see the first 100 days but probably the first 100 minutes. what happens on the first day. all those comments of what actions he was going to be doing. I believe there were going to be 80 things he was going to be doing on the first day. that was quite a tall order." To begin with though, markets liked what they heard. An ambitious spending plan to boost US jobs and therefore global growth. But many now only see the flipside. Markets in Asia closed down ahead of the big day. Trump's promise of protectionism fueling fears of a trade war. (SOUNDBITE) (English) HEAD OF CORPORATE DEVELOPMENT, 7IM, JUSTIN URQUHART STEWART, SAYING: "Trade wars affects all sides. if you reduce global trade, that is less money going through the global economy, that is actually less profit going through to all those business involved by it. So everybody gets affected." On London's famous Tower Bridge, a message to the new President. Hope the rhetoric won't become reality, and for some, belief. (SOUNDBITE) (German) HEAD OF CAPITAL MARKETS ANALYSIS AT BAADER BANK, ROBERT HALVER, SAYING: "Trump is full of surprises, but I think he will also become a realist, because some of his advisors think what has applied for the last decades should prevail in the future." There will be some change though, that much inevitable. The problem, knowing what it is.

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Markets pause to ponder a Trump future

Friday, January 20, 2017 - 01:26