Macro Overview – May 2017
Fiscal policy has taken center stage as President Trump’s tax proposals will begin a drawn out process for legislative approval. Individuals, small businesses, and large corporations are expected to benefit from the various proposals.
Geopolitical risks weighed on global financial markets during early April as investors sought fixed income. Regardless, global equity markets achieved higher levels as confidence returned.
French voters are a focal point in the international markets as they decide the probable fate of the European Union (EU) and the euro’s acceptance. A leading candidate, Marine Le Pen, is an advocate of France exiting the EU, which the British voted for last year. Mexico and Canada breathed a sigh of relief as President Trump suggested that perhaps the U.S. could renegotiate NAFTA rather than abandoning it. Trade has been a leading agenda item for the President as suggestions to impose tariffs on imports has raised anger among U.S. trading partners. Download May 2017