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Financial markets believe that Donald Trump’s assassination on Saturday has increased his chances of becoming the next U.S. president. That could mean more inflation and economic turmoil.
DNB Market reproduced in its Monday morning report how financial markets are currently changing their forecasts that Donald Trump will actually win the US election in November. It pointed out that both expert opinions and surveys show that Trump is more likely to become the next US president.
– Therefore, market movements in the coming days are expected to reflect a greater chance of Trump’s policies being passed, the analysts wrote, briefly explaining that this would involve tax cuts and more protectionism.
DNB Markets expects a Trump victory to lead to higher inflation starting next year. The bank has factored a Trump win into its forecasts for key U.S. interest rate developments.
– The morning report further states that in the long term, we also believe that rising protectionism and global political turmoil will help push up inflation and interest rates, while also retaining the possibility that increased uncertainty may also lead to higher inflation and interest rates as investors seek safe havens, which could lead to a stronger dollar and lower interest rates.
Analysts at DNB Markets believe the likelihood of Donald Trump winning the autumn US election has increased following Saturday’s assassination.
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