As US voters head to the polling stations and what WalletHub calls “this crazy election” finally comes to a close, the Washington, DC-based personal website has assessed the potential impact on president Hillary Clinton and Donald Trump on business and consumer wallets.
WalletHub has prepared two reports examining the potential outcomes: What If Trump Wins? and What If Hillary Wins?. In each case it has crunched the numbers on what’s likely to be in store for everything from gross domestic product (GDP) growth and the S&P 500 to tax rates and Social Security.
Latest opinion polls suggest that Clinton is ahead, if not decisively. The New York Times gives her 46% against 42% for Trump, while the BBC suggests that she leads 48% versus 44%.
Stock markets rallied on Monday, following news that the Federal Bureau of Investigation (FBI) had not altered its original view that Clinton should not face criminal charges over her email server in mishandling classified information. However, they show little direction today over concerns that the outcome indicated by the polls could still prove misleading.
Morgan Stanley is moving staff to Frankfurt in time for the March 2019 Brexit deadline.
The US bank, which already has 350 employees based in the city, will transfer some trading activities currently undertaken in London and create a further 150 to 250 jobs according to reports.
Despite the country’s latest financial bailout, the outlook for Greek corporates over the next year is no better than mixed according to trade credit insurer Atradius.
A study by the London-based insurance market warns that economic losses could be similar to losses unleashed by Superstorm Sandy in 2012.