For subscribers
Market Watch
‘Trump trade’ continues to fuel markets
Sign up now: Get ST's newsletters delivered to your inbox
During his presidential campaign, Donald Trump proposed a 60 per cent tariff on Chinese goods and a universal tariff of 10 per cent on all imports.
PHOTO: REUTERS
Follow topic:
SINGAPORE - The “Trump trade” continued to stimulate animal instincts, sending markets soaring towards new highs during a week when US President-elect Donald Trump
Besides the prospect of tax cuts and deregulation, investor sentiment was also boosted by a robust US economy, indications of at least three more US Federal Reserve interest rate cuts over the next 12 months and strong consumer spending.
