In this update, Bob Cunneen, Senior Economist and Portfolio Specialist, reviews events in markets during December. He discusses: the major themes, which continued to be Trump’s promises of corporate tax cuts and infrastructure spending, as well as political risks in Europe how global shares made strong gains as US shares surged to record highs, and…

Highlights: In December global equity markets continued to make new highs as investors factored in stronger economic growth and higher corporate earnings in the United States following the US election in November. Oil prices rose 8.7% to US$53.75 per barrel (WTI) following the agreement by OPEC and several non-OPEC oil producing countries to cut production…