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Trump's election win initially stunned markets and led Ian Bremmer, president of US risk consultancy Eurasia Group, to warn that "the world is heading into a profound geopolitical recession". However, markets shook off deep post-election losses and recovered on Thursday. "The markets don't really know how to react until more clarity is known regarding US policy. Interesting times ahead, so expect volatility," said Matt Stanley, a fuel broker at Freight Investor Services (FIS) in Dubai. US West Texas Intermediate (WTI) futures were trading at $45.60 per barrel at 7:45am GMT, up 33 cents, or 0.73%, from their last close.
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Trump's election win initially stunned markets and led Ian Bremmer, president of US risk consultancy Eurasia Group, to warn that "the world is heading into a profound geopolitical recession". However, markets shook off deep post-election losses and recovered on Thursday. "The markets don't really know how to react until more clarity is known regarding US policy. Interesting times ahead, so expect volatility," said Matt Stanley, a fuel broker at Freight Investor Services (FIS) in Dubai. US West Texas Intermediate (WTI) futures were trading at $45.60 per barrel at 7:45am GMT, up 33 cents, or 0.73%, from their last close.
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