Individuals – the words and statements of which have a significant impact on the world financial markets. Part 3. Alexander Sivtsov.
In this article, I continue to acquaint you with politicians whose words and statements have a significant impact on the world financial markets. Let me remind you that this is the third article on this subject. Previous issues you can find here: Part 1, Part 2.
So, the world financial markets always wait for speeches:
Our list is opened by a person who has recently left for the big international arena due to significant changes in the country he represents. It will be about the second woman in the history of Great Britain (after Margaret Thatcher), who led the country.
Theresa May is the leader of the Conservative Party and has been Prime Minister of Great Britain since July 11, 2016. Before heading the country in the hard times associated with the decision of the UK to leave the EU, Teresa May served as Minister of Internal Affairs from 2010 to 2016 . Theresa May’s nomination for the post of prime minister was caused by the resignation of David Cameron, after Eurosceptics won a referendum on the withdrawal of Britain from the EU. Paradoxical is the fact that it was Cameron who initiated the referendum, but at the same time, like May, was an opponent of Brexit.
Today, investors carefully follow the progress of negotiations between London and Brussels on Brexit issues, that is why the comments of Teresa May on the negotiations play a significant role for market participants. At her post, May promised to provide the so-called “Soft Brexit”, against which the risks to the economy should be minimal. It should be borne in mind that any statements on the part of May on the difficulty of reaching certain agreements with Brussels will exert considerable pressure on the pound, just as the positive moments in the negotiations will support the British currency.
Donald Trump was born on June 14, 1946 in New York USA and is the 45th president of the USA, having replaced Barack Obama at this post.
The main and most profitable activity of Trump has been connected with the US real estate market since 1971. Trump is the owner of the construction conglomerate Trump Organization and the founder of Trump Entertainment Resorts, which specializes in restaurant and gambling.
In addition to the construction business, Trump is a famous showman and TV host, and in the period from 1996 to 2015 he was the owner of the Miss Universe contest. Trump’s victory in the presidential election in 2016 was quite unexpected, since mostly in the election race ahead was Hillary Clinton. The main goal of Donald Trump, based on his statement in the race, is “To make America great again”.
To date, Trump is expected to implement the promised reforms, among which the focus is on fiscal reform, the launch of which is still unknown. The main objective of the tax reform is to return production facilities from abroad back to the US, which will positively affect the labor market in the US in the future.
As for Trump’s speeches, they happen quite often and due to the escalation of the situation around the DPRK, the world increasingly hears statements from the US president about possible military actions against North Korea in case of need, which causes significant fluctuations in the financial markets with regard to security instruments. Frequent statements by Trump in the direction of the DPRK are aimed at preventing North Korea from testing nuclear weapons, which is a potential threat primarily for US allies near the Korean peninsula.
Carefully follow the speeches of officials of the leading countries of the world, as well as their possible reflection on the world financial markets in the section “Expert opinions” on the website of the Ester Holdings Inc. and earn with the help of experts from the company!
Alexander Sivtsov