Growth momentum is fuelling the global rally, not Trump
05 March 2017
How big are the returns for good presidential behaviour? President Donald Trump last week gave a sedate but disciplined speech to Congress that lacked any specific financial commitments. The day after he spoke world markets rejoiced and indices hit all-time records.
Thursday brought the fabulously successful first day of trading in Snap, a popular internet messaging service. The market swiftly put a value on it of close to $US30 billion ($39.5 billion), amid scenes that were a throwback to the heyday of the internet mania in 1999 and 2000.
Read more: http://www.afr.com/markets/growth-momentum-is-fuelling-the-global-rally-not-trump-20170305-gur006