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Sunday 23 July 2017

Citi: Trump's impeachment risks have risen

For investors, President Trump's impeachment option seems unlikely. Citi Bank, however, warns that the likelihood of this has risen.
The comments from the banks became reality after Donald Trump Jr., tweeted emails detailing his greetings, after sources identified as related to the Russian government have disclosed compromising emails to President-elect candidate Hillary Clinton.
Markets have reacted negatively to this information, with the Dow Jones Industrial Average index losing 129 points of its value immediately before recovering all its losses.
Impeachment is unlikely given the complexity of this process and the lack of sufficient evidence of a "serious crime," according to Citi analysts.
The bank also commented that such a solution would require serious political pressure, and Republicans who control Congress at the moment would hardly allow this to happen.
On the other hand, and despite many unknowns in Trump-Russia relations, Citi analysts believe that the risk of impeachment for the US president is now higher than before, although this is still not a baseline scenario.

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