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Markets

The US election result impact on emerging markets

Today’s US election result has several implications for emerging markets. At a first glance, the outcome is clearly negative, given the potential downside risks from increased trade protectionism, anti-immigration measures, large fiscal expansion and steepening of the US yield curve and uncertainty in terms of foreign policy.

These risks are already being reflected in asset prices. Since the re…

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Bond market reaction to Trump’s election victory

As Donald Trump delivers his victory speech, and is set to become America’s 45th President, here’s a quick update on what we’re seeing in bond and currency markets since you went to bed.  For bonds, the impact has so far been relatively modest; it’s been equity markets where moves have been stronger (the Nikkei is down 5%).  Last night the Mexican peso was the barometer of the likely outcome, a…

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