Joining Sarah Lowther to discuss the main market headlines of the morning is Share Radio's Nigel Cassidy, starting with Kingfisher profiting from the weak pound. We've also heard from fashion house Hermès. Plus, we check out how the pound and FTSE is fairing.
Donald Trump is set to remove laws passed following the financial crisis, one of his latest edicts via executive order. Share Radio's James Brydges spoke to Philip Alexander, regulation editor at risk.net, for more on what the removal of the Dodd-Frank laws mean.
Brexit Britain could see the strongest growth rate among G7 nations according to a PwC report - but that's not without a little pain first. And is 'Frexit' - a French exit from the EU - likely? Tom Stevenson, Investment Director at Fidelity, joined Share Radio's Sarah Lowther to talk through the big economic stories of the day.
The market is heading into the last US Federal Reserve meeting of the year almost certain that the FOMC (Federal Open Market Committee) will raise the Fed fund rate by 25 bps, from current 0.25% to 0.50%. Professor Peter Rupert, Department of Economics at the University of California, Santa Barbara, and Former Senior Economic Advisor at the Federal Reserve Bank joined Share Radio to discuss.
Iran's state airline says it's signed a $16.6 billion deal with US aircraft maker Boeing. Iran Air will buy 80 passenger planes as part of a 10-year deal, in the biggest business agreement between the US and Iran since the 1979 Islamic Revolution. So is this the first big sign of a thawing relationship, or will matters be complicated by President-Elect Trump's indication of anti-Iranian policies? Matt Cox spoke to Howard Wheeldon, Founder of Wheeldon Strategic Advisory, to find out more.
US president-elect Donald Trump is promising to pull the US out of the international trade Trans-Pacific Partnership, known as TPP. This promise was released in a video just hours after Japan's prime minister, Shinzo Abe, warned that the TPP would be "meaningless" without US participation. Seijiro Takeshita, Professor of Management and Information at the University of Shizuoka, joined Share Radio Breakfast to give a take from Japan.
While Donald Trump won't assume power for another 65 days, markets are already betting that a Trump presidency means higher inflation and interest rates. The Federal Reserve has been trying to get inflation up towards its 2% target for years and now the president-elect could help them achieve this goal. Share Radio’s Robert Van Egghen has been speaking to Brett Ryan, Senior US Economist at Deutsche Bank, about the forecast for the Trump administration.
How can investors keep up with the extraordinary pace of change in the past six days? Since US voters went to the polls on Tuesday, some investors have sold up and piled into safe havens like gold, only to see the financial markets do an unexpected about-face. With impeccable timing, the Open University Business School is staging its annual conference with the theme of "investor behaviour", and its Research Professor, Janette Rutterford, spoke to Share Radio's Nigel Cassidy about recent investor behaviour, and what it tells us about our understanding of finance.
As Donald Trump prepares to assemble his economic team, markets are rallying in expectation of a new period of fiscal stimulus. However, with Republicans in Congress set on strict deficit reduction targets, Mr Trump may be unlikely to achieve his policy pledges, including $1trn worth of spending on infrastructure. Robert Van Egghen has been speaking to Jim O'Sullivan, Chief US Economist at High Frequency Economics, who explained why the Republican party could stop Mr Trump from fulfilling his spending promises.
The odds of a December interest rate hike in the US have diminished. The FOMC had signalled it expected to raise rates by the year end, but while the markets were confident of an increase, the markets are now not. Professor Peter Rupert, Department of Economics at the University of California, Santa Barbara & former Senior Economic Advisor at the Federal Reserve Bank, joined Share Radio to discuss.
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