Markets fretting and tetchy as Trump gets busier, and more annoyed. Trump’s dealings (again) grabbing the headlines. High market volatility like we experienced last week. Can the market and the media be so obsessed about one single person? Looks like it can, and they haven’t had enough yet!
#Trump on Immigration Power: I Can Do Whatever I Want > President Donald Trump defended his power to put limits on who can enter the U.S., saying it shouldn’t be challenged. What Donald said to the chiefs regarding Trump’s Refugee Ban “You can suspend, you can put restrictions, you can do whatever you want,” pretty much sums it up!
The sentiment reflects the uncertainty gripping markets amid Trump’s ascent, with traders of everything from currencies to metals and stocks trying to decipher the effects of measures by the leader of the world’s biggest economy. Dollar hits 12-week low on Trump.
#Companies cut ties with the Trump family > Nordstrom “Each year we cut about 10% [of brands carried] and refresh our assortment with about the same amount”
Macy’s: “We made our decision about a year and a half ago and stand by our decision”
Neiman Marcus: did not immediately respond to multiple requests for comment on why Trump’s products were no longer available
Home Shopping Network: “While we don’t take a political position at HSN, we recognize that our employees, our partners and our customers will have wide-ranging views on politics and public policy”
Shoes.com: “We understand and your voices have been heard,” the company said in a tweet, which was later deleted. “We have removed the products from our website”
Belk: “We continually review our assortment and the performance of the brands we carry. And we make adjustments as part of our normal course of business operations” …
#Brexit: > A survey by the pro-European Open Britain has found that 51 percent of people would like May to return to the negotiating table if Parliament votes against the final deal.
We are also seeing a major trend in Fintech startups increasingly eyeing Portugal – having before flocked to London.
# Apple ‘optimistic’ about post-Brexit UK > Technology giant Apple said it is “very optimistic” about the UK’s future post-Brexit.
#German trade surplus record high > According to the figures, German exports did climb 1.2% to 1.2 trillion euros in 2016, while it witnessed imports rising 0.6% to 954.6bn euros.
#Many Countries Struggling to Support Their Retirees > As seniors increasingly are outnumbering people still in the workforce, pressures have risen on investment pools, medical systems and funds to build economies for future generations.
#EIA is now predicting less oil demand > U.S. Energy Information Administration (EIA) is predicting less oil demand for this year – cutting its global demand forecast by 10,000 barrels / day to 1.62 million barrels per day.
What does this mean for the oil price?
#Changing demographic trend: Asians expats are growing in demand > Asian companies are nowadays more likely to send staff overseas than Western companies. That’s a big change to the past. Before expats were typically Western middle-aged married males. Today, expats are just as likely, if not more so, to be Asian. It’s a trend that’s linked to the global expansion of Asian companies, which picked up momentum after the 2008 financial crisis.
*Toilet valley > Thousands of people dependent on a single tap. ANC’s troubles in Port Elizabeth, South-Africa are getting out of hand.