Trump’s victory was a backlash against globalisation, but investors have little to fear

Despite his many business failures, it's safe to say Trump does have an understanding of business

13th November, 2016
A trader reacts at the Frankfurt Stock Exchange on November 9, 2016 in Frankfurt, Germany on Wednesday morning Pic: Getty

The victory of Donald Trump last week was supposedly going to roil stock markets. It didn’t. The US market moved of course, but by the end of the first trading day following the result, equity markets had risen despite significant gyrations.

The initial reaction when the markets in Europe opened post election was bad: in fact all of the shares in my own portfolio were down first thing Wednesday morning – with the...

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