Kevin Gardiner, Rothschild Wealth Management’s London-based managing director and global investment strategist, said history shows key geopolitical events do not necessarily translate to market risk.
While economists struggle with forecasts in a climate of too many unknowns, the best advice is caution, according to François Duhen, chief economist and strategist at Swiss banking group Crédit Mutuel-CIC.
US corporate profits are expected to grow 5-15% on average this year, said Andrew Milligan, Standard Life Investments’ Edinburgh-based head of global strategy.
Potentially aggressive US trade policy and China’s expanding credit are top concerns, according to Richard Jerram, the bank’s chief economist.
Despite his anti-trade agenda, the new US president is likely to amplify the rebound in global growth already underway, according to Markus Schomer, the firm’s New York-based chief economist.
At the FSA Growth Forum in Hong Kong, Capital Group, Investec and M&G weighed in on what a Donald Trump presidency would mean to the markets.