Donald Trump’s U.S. election victory has sent shock waves through global markets today. Those industries which rely on open trade seem to be most affected. Tim Hepher, Brenda Goh and Clara Denina provide an overview of the situation for Reuters. Analysts are using the yield from October to forecast the risk of a global recession and an accompanying bear market in the next twelve months. Jeffrey Kleintop of Schwab reports on their findings. Some changes are on the horizon for those with retirement benefits, as Emily Brandon writes in U.S. News.

Trump Victory Shocks Global Firms Reliant On Open Trade–  Donald Trump’s victory in the U.S. election sent shock waves through industries that rely on open trade, from airlines to cars and IT outsourcing, even though many executives remain unsure what his protectionist rhetoric will mean in practice.  Throughout his presidential campaign, Trump has vowed to revive the U.S. economy by slashing taxes, preventing companies from making products overseas, renegotiating trade accords and imposing tariffs on imports from countries like China. Read more…

Recession Odds Pass Key Threshold–  Global stocks fell almost 2% in October, measured by the MSCI AC World Index. However, a reliable historical indicator suggests October may have been more soothing than scary for long-term investors. The yield spread—the difference between long and short-term interest rates—rose for many countries in October, a key indicator that the risk of global recession and accompanying bear market in the coming year diminished during the month. Read more…

How Retirement Benefits Will Change In 2017–  Expect your retirement benefits to be tweaked in several important ways next year.  This article in US News explains these changes. Read more…

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