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Trump Signs 3 Executive Orders: Withdraws From TPP, Freezes Federal Hiring, Limits Overseas Abortion Funding

Trump Signs 3 Executive Orders: Withdraws From TPP, Freezes Federal Hiring, Limits Overseas Abortion Funding

As we previewed and was widely expected, President Trump has just signed 3 executive orders: one officially withdrawing the US from the Trans Pacific Partnership, a second one instituting a federal hiring freeze except for the military, and a 3rd executive order limiting abortion funding overseas.

Key Events In The Coming Week: All Eyes On Trump's First Actions

Key Events In The Coming Week: All Eyes On Trump's First Actions

The key economic releases this week are durable goods and GDP on Friday. On the political front, the focus will be is on the first actions of the Trump administration including moves on TPP and NAFTA. There are no scheduled Fed speeches this week.

Arond the globe, the UK Supreme Court decision on Art.50 and the Italian Constitutional Court's decision on the electoral law are on Tuesday. In EM, we have monetary policy meetings in Colombia, Hungary, Turkey, South Africa and Ukraine.

Earnings Season So Far: 27 Of 42 Reporting Companies Cite "Trump" Or "Administration"

Earnings Season So Far: 27 Of 42 Reporting Companies Cite "Trump" Or "Administration"

Earlier we reported that according to Goldman, virtually all of its investing clients are "anxious" and/or unsettled" due to rising confusion over Trump policies. As Goldman explained, "'Unsettled' is our best description of fund managers’ mindset as the new administration takes office. During an extensive series of client meetings in the US, Europe and Asia, it became apparent that investors are confused about how to best position portfolios under a Trump presidency... Policy uncertainty was a topic of concern raised in every client meeting.

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