The chief investment director of J.P. Morgan stated on Tuesday that Donald Trump's re-election as President of the USA could support stocks in emerging markets in the regions of the Middle East and Northern Africa.
According to Morgan, Trump's re-election would lead to stability and predictability in US economic policy, which could have a positive impact on global equity markets. He also noted that this would be a stimulus for capital inflow into the region, enhancing the investment climate.
Morgan expressed confidence that, in the event of Trump's victory in the elections, emerging market stocks would receive an additional impulse for growth.
"Trump's re-election brings stability and clarity with regard to the trade policy of the United States, which, in turn, creates favorable conditions for capital inflow and increases investor interest in the region," he concluded.
