Review of today's macroeconomic events

Today Donald Trump for the first time will appear in front of representatives of both US Houses of Parliament with their vision regarding the implementation of plans for the pre-election program. The main points of his speech will be the cancellation of Obamacare, the implementation of infrastructure projects in the energy sector, aimed at creating new jobs, and changes in tax legislation. This last point is extremely important for the global stock market. On the one hand, there may be disclosed tax incentives for the transfer of production in the US for many American manufacturers. From the other hand, it will be possible to assess the implications of these initiatives for the Asian and European economies. Given the uncertainty of the results of performance of Donald Trump, investors around the world are afraid to make deals. Trade turnover in the European and Asian markets today fell on average by 20% compared with the values ​​of the last two weeks. To date, European indexes traded in a small plus. Published today in France, statistics on GDP growth coincided with market expectations, growth of the economy of the country amounted to 1.2% y/y.