US Elections 2016: Trump victory is negative for India, volatility will shoot up

A Donald Trump victory in the US presidential election would be negative for all emerging markets, including India. It would create demand for safe-haven bets like gold and developed-world bonds.


Currency market is bracing for volatility even if Hillary Clinton secures a win as Trump has not cleared the air on whether he would accept the election results should he lose in a close finish.


“Even if Clinton wins, Trump may continue to push her and stoke uncertainty. If Trump wins, everything will fall and volatility will shoot up. This is not a time to take risk,” said Jamal Mecklai, chief executive of Mecklai Financial, a currency consultancy firm.

Read More…


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s