Business Times reports on CQS founder Sir Michael Hintze’s comments about the impact of Donald Trump’s victory on the US economy:
"Trump was always an outsider. He had minimal support from the Republican party and therefore has minimal obligation to them," Mr Hintze said in an e-mailed statement. "More deregulation than at any other time since Reagan's presidency is certainly on the agenda." Mr Trump was elected on a platform of boosting infrastructure spending, cutting taxes and opposing trade deals. Mr Hintze says the election result should create some "attractive opportunities" for investment in credit markets as volatility increases.
"Market attention will also now turn to Europe ahead of the Italian referendum, and the French and German elections - anything is now possible," Mr Hintze added.