Market insights

President Elect Rhetoric Doesn't Move Markets

President elect, Donald Trump, made, what some might consider, some outlandish comments yesterday in his press conference at Mar-a-Lago.

Buying Greenland, reclaiming the Panama Canal and annexing Canada were some of the headlines.

On the face of it these are comments that could have effect on global markets.

Whilst the American stock markets softened slightly the global currency markets didn't flinch.

This indicates the markets generally respond to factual news and results rather than rhetoric.

With that in mind it's a relatively light day today for scheduled news.

There's Eurozone consumer confidence numbers out later, and American employment data early afternoon.

The early hours of tomorrow moves to the Southern Hemisphere with Australian retail sales numbers.

Business news covers the rising cost of Government borrowing in the UK. The yield on a 30 year gilt reached 5.25% yesterday which is the highest rate this century, and puts pressure on the Government to meet its borrowing target.

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Economic calendar

EUR: 10:00 Consumer Confidence

US: 13:15 ADP Employment change

AUS: Thursday 00:30 Retail Sales

As ever we look forward to keeping you in the loop and look out for our next update.

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