Markets Slide on Trump
Published / Last Updated on 09/04/2017
Markets Slide on Trump.
Confidence in markets is starting to wain. Not because of this week’s coming Brexit Article 50 trigger but because confidence is falling in President Donald Trump’s ability to pass legislation on US tax cuts and increased US government spending on roads and other infrastructure products.
This follows Trumps failure to get legislation passed to repeal ‘Obama Care’ on Friday.
Markets fell in Asia and today as markets opened across Europe, they too have fallen.
Expect further falls this week as we head towards Article 50 being triggered and no doubt Theresa May setting out her position and Europe flexing its muscles with tough responses on their approach and requirements. Never ever forget, whilst the UK is the second largest economy in the EU, it is now 27 nations agains 1. It is Europe that will ‘call the shots’.