'Trump Slump' ahead for US stocks in 2018
Running out of pro-growth policies, Trump may not have more rabbits to pull out of his market magician hat
IF 2017 was the year of the Trump Bump for US stocks, then 2018 could well be the year of the Trump Slump.
The Dow Jones Industrial Average has risen roughly 25 per cent for this year, and about 35 per cent since US President Donald Trump's election victory.
Seldom has a president been so associated with a rally. American opinion may be divided on Mr Trump but the stock market has returned his embrace - so far.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Japan may have spent 5.5 trillion yen on Apr 29 intervention, BOJ data suggests
Singapore stocks rise, tracking regional bourses; STI up 0.3%
Asia: Markets build on Wall Street rally, yen holds bounce
Singapore shares open in the red on Tuesday; STI down 0.3%
Stocks to watch: Wilmar, MLT, FEHT, CDLHT, Starhill Global Reit, IReit Global
Europe: Stocks eke out gains after German inflation data; Deutsche Bank drops