Trump’s exit will boost China
THE change at the White House will have ramifications for global economies and stock markets. Indeed, the UK market and equity markets across Europe responded positively to Biden’s inauguration.
Teodor Dilov, of wealth manager Interactive Investor, says the end of Trump’s fraught relationship with China should act as an economic positive for the communist state. He says: ‘I am sure China is happy that Trump has now left the White House.’
Dilov believes any softening in relations between the two super powers should stimulate the Chinese stock market. An i deal investment fund for investors to benefit from this, he says, is stock market- listed investment trust Fidelity China Special Situations.
Some UK-listed companies will benefit too. Keith Bowman, equity analyst at Interactive Investor, likes building material group CRH and construction company Balfour Beatty. Both companies conduct around half of their business in the US.