Traders work on the floor of the New York Stock Exchange. Since Donald Trump became US president, global stock markets have shot up 8.3 per cent. Photo: Bloomberg Traders work on the floor of the New York Stock Exchange. Since Donald Trump became US president, global stock markets have shot up 8.3 per cent. Photo: Bloomberg
Traders work on the floor of the New York Stock Exchange. Since Donald Trump became US president, global stock markets have shot up 8.3 per cent. Photo: Bloomberg
Nicholas Spiro
Opinion

Opinion

The View by Nicholas Spiro

Why central banks will retain their decisive grip over markets

While Trump’s victory raised hopes that the economic stimulus baton is finally switching hands from central banks to governments, a ‘presidential put’ is wishful thinking

Traders work on the floor of the New York Stock Exchange. Since Donald Trump became US president, global stock markets have shot up 8.3 per cent. Photo: Bloomberg Traders work on the floor of the New York Stock Exchange. Since Donald Trump became US president, global stock markets have shot up 8.3 per cent. Photo: Bloomberg
Traders work on the floor of the New York Stock Exchange. Since Donald Trump became US president, global stock markets have shot up 8.3 per cent. Photo: Bloomberg
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Nicholas Spiro

Nicholas Spiro

Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.