28 August 2017

Bassanese Bites: The central bankers that did not bark – Week beginning: 28 August 2017

It was yet again other generally quiet week across global financial markets, with many investors waiting on end-week comments from both Yellen and Draghi at the Jackson Hole Conference.

But before the central bankers go a chance to speak, press rumours that Trump continues to work on a tax plan buoyed markets on Tuesday, only for this risk-on sentiment to be unwound on Wednesday following his threat to veto spending bills (which are necessary to avoid a government shutdown) unless they include funding for his Mexican Wall. It was a case of what President Donald Trump first giveth he can surely taketh away.

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