Global News: US election: Anxiety grips emerging markets as investors slash risk.
How the Outcome of the US Elections Would Affect Nigerian Economies.
A US presidential election that's threatening to upend global trade and potentially roil the economic outlook across the developing world. From Mexico City to Shanghai, traders whipsawed by a volatile year are preparing for a fresh political jolt.
Our thoughts
Now that Trump is The president of the World, what’s next?
First, as investors happy or sad, it is what it is!
In the end, all you really want is to make progress, loads of money and be happy right? So you are on the side of those happy he won? Let's go.
And if you are sad? Let's go.
There's money to be made.
So how do you position to benefit from his time as president? The only thing we are sure of is that uncertainty will be heightened
Why? The body language of the incoming president is that he is going to make a lot of changes and these changes will impact one sector or the other.
For example-
Proposal slowdown in financing the Russia-Ukraine was
Impact on Oil & Gas: Europe was forced to stop buying oil from Russia. This led to increased demand for US oil wink wink.
Defense Contractors: The war produced steady demand for US military equipment and weapons. Companies like Boeing, Lockheed Martin.
Semiconductor Industries: Sanctions on Russia's technology increased demand for chips from US companies like Intel and Texas Inst.
This is just one policy change. We haven’t not listed out all the impacted sectors and there are other policies like healthcare, education, taxes, renewable energy-and the list goes on!
Take note that a lot of these are campaign promises whilst the republicans (Trump's party) hold a majority of the seats in the house, their democratic opposition will put up a fight to slow down delivery. So the tug of war will unpack the sectors that will clearly benefit from this win in deeper detail at our webinar next week as we plan to position for 2025.
African News: How the Outcome of the US Elections Would Affect African Economies.
A US presidential election that's threatening to upend global trade and potentially roil the economic outlook across the developing world. From Mexico City to Shanghai, traders whipsawed by a volatile year are preparing for a fresh political jolt.
Our thoughts
Africa will be dicey. There's a standing between competition between US & China. Africa will be one of the battlegrounds. *So it's not clear, there will be a tussle between "Making America great again" and "beating Chinese investments in Africa. On the flip side, lower rates will eventually result in a flow of capital to countries that are well positioned for trade and have good bilateral relationships.
Nigerian News: How the Outcome of the US Elections Would Affect Nigerian Economies.
A US presidential election that's threatening to upend global trade and potentially roil the economic outlook across the developing world. From Mexico City to Shanghai, traders whipsawed by a volatile year are preparing for a fresh political jolt.
Our thoughts
Oil revenue can be impacted if Trump is able to increase U.S. oil production and independence. This independence could lead to excess supply and lower oil prices.
When you add the "no unnecessary war" stance, then there's a chance of lower oil prices generally. The oil price range during his first stint as president was between $37.63 - $75.
Current Oil Price: $72.15
Nigeria's 2024 Budget Price? $77.96
Lower oil prices will impact local fuel prices positively but put pressure on government revenue.
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