US unpredictability spurs middle powers into action, investors take note
The global order once championed by Washington across economics, trade and security is being upended by U.S. President Donald Trump, galvanising allies to action. Financial markets are taking note.
For investors, signs of more pro-active policies and trade deals that extend beyond those made with the United States are an incentive to increase exposure to non-U.S. equity markets, energy stocks, and take a bullish view on the likes of the euro and Canadian dollar, they said. Canadian Prime Minister Mark Carney struck a chord with his January Davos speech, noting how " middle powers" might act together to avoid being victimised by American hegemony, while a European Central Bank plan to bolster the euro's international role is anticipated at this week's Munich Security Conference.
For investors, signs of more pro-active policies and trade deals that extend beyond those made with the United States are an incentive to increase exposure to non-U.S. equity markets, energy stocks, and take a bullish view on the likes of the euro and Canadian dollar, they said. Canadian Prime Minister Mark Carney struck a chord with his January Davos speech, noting how " middle powers" might act together to avoid being victimised by American hegemony, while a European Central Bank plan to bolster the euro's international role is anticipated at this week's Munich Security Conference.
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