Market Flash: US election

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Following the election in the US, please see below the comments from ABN AMRO Investment Solutions.

  • Against latest polls predictions, Donald Trump has been chosen to become the 45th president of the United States of America.
  • We do not expect significant change on economic fundamentals in the short to medium term.
  • On the international trade side, we expect tensions between China and the US and more disputes to the WTO (World Trade Organization).
  • It is possible that calm returns to markets within a few weeks, echoing what happened in the aftermath of the Brexit vote.
  • We do not intend to change our U.S. GDP growth forecast for now.
  • We decided to keep our allocation unchanged since fundamentals are not affected for the moment. Should a stronger tightening of financial conditions occurs, we would obviously reassess our opinion and be prone to capture bargaining opportunities.
Please find the full comments in English, French and German below.

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