Markets around the world find it difficult to find a direction. Investors expect Donald Trump’s speech to the convention in the hope that they will get more clarity about his plans for tax reform, fiscal incentives and deregulation.
In Japan, industrial production in September shrinks by 0.8%, waiting for a 0.4% growth. On an annual basis, the growth rate is 3.2%, in anticipation of growth of 4.7%.
The dark clouds of political uncertainty may be hanging over the euro area because of the good election prospects for populist parties. However, none of these risks should materialise, Germany’s investment bank Deutsche Bank predicts and adds that this will allow speeding up economic growth in the second half.
