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US election: What Trump win means for equities — #SaxoStrats
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Donald Trump’s victory in the US presidential election has come as a surprise but Saxo Bank’s head of equity strategy Peter Garnry sees reasons to be positive in 2017.
He says that a US interest rate hike is potentially now off the table for December. In addition, the Trump administration could slash US corporate tax rate from 35% to 15%.
Garnry also explains that he is cautious about any claims that a Trump-led America will go into recession.