“It all depends on which Trump shows up,” says Piyush Gupta when asked to predict the impact of Donald Trump’s election on Asian banks and companies. “Will it be Trump the businessman or Trump the demagogue”
That question has dominated discussion among economists, politicians, and journalists since the US election on November 8. Nomura analysts told their clients in a note on Monday the outlook for Asian equities was dependent on changing expectations about Trump.
But the silver lining the DBS chief executive and other bank executives are focusing on is the impact of Trump on US interest rates.
The fiscal...
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