US markets is hopeful Trump will succeed on tax reform, but isn’t pricing it in; failure of health care reform means expectations around tax have changed.
Kleintop sees opportunity for gains by Japanese shares.
Concerned that Fed tightening will force the PBOC to raise rates further. It is unclear whether China will be able to hold the position if the Fed raise interest rates further.
According to him, the meeting between the presidents of the US and China on Thursday will go well. US focuses more vertices exports and less imports.
French election probably will be won by the established candidate, but if Le Pen win, risk in the euro area will increase.
The political risk in Europe will not derail the economic recovery in the region, but global political risk remains.
Source: Bloomberg
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