What's happened
Following Donald Trump's election as the 47th president of the United States, analysts predict significant shifts in both domestic and international markets. Key sectors, including banking and technology, are expected to respond to anticipated policy changes, while cultural figures express concerns over the political climate.
Why it matters
What the papers say
According to Bloomberg, analysts predict that Trump's presidency will lead to a 'sea change' in the banking industry, with Mike Mayo noting that deregulation could enhance Wall Street profitability. Meanwhile, a report from the South China Morning Post highlights how companies like 3M are investing in AI technologies in China, despite economic slowdowns. Billie Eilish's performance post-election, as reported by The Independent, reflects a cultural backlash against Trump's policies, particularly concerning women's rights. This juxtaposition of economic optimism and cultural concern illustrates the complex landscape following the election.
How we got here
Trump's election has reignited discussions on economic policies, particularly regarding tariffs and deregulation. Analysts are closely monitoring market responses, especially in sectors like banking and technology, which may face new challenges and opportunities.
More on these topics
-
Donald John Trump is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021.
-
China, officially the People's Republic of China, is a country in East Asia. It is the world's most populous country, with a population of around 1.4 billion in 2019.
-
Wall Street is an eight-block-long street in the Financial District of Lower Manhattan in New York City. It runs between Broadway in the west to South Street and the East River in the east.
-
Canada is a country in the northern part of North America. Its ten provinces and three territories extend from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98 million square kilometres, making it the world's second-largest c