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Global economy, Australian economy, Fixed Income, news, Equity
Performance as at January 31st 2017.
Donald Trump is sworn in as the 45th President of the USA on January 20th. At the same time, he took aim at Germany for benefiting from the week Euro. US GDP grew by 1.9% in the 4th
Global bonds underperform as markets factor in higher levels of inflation from Trump’s big spending fiscal policies of infrastructure spend and tax cuts.
The Eurozone economy performed with a number of positive data reads, but this did not translate to stronger stock prices.
Global equities rise, with the S&P 500 closing nearly 2% stronger and hitting new highs during the month. The Dow recorded similar returns, and broker through the magic 20,000 level for the first time. The same cannot be said for the Australian market, as Australian stocks dipped almost 1%.
