ICAP CEO Sees a Busier 2017 on Higher Interest Rates

The transcript discusses market expectations and volatility, focusing on the impact of Donald Trump's policies on equity and bond markets. It highlights the changes in interest rates and the yield curve after a period of low rates. The discussion also covers political uncertainties, such as Brexit and US-China relations, and their effects on the global economy. The potential for inflation and productivity growth is examined, along with concerns about trade and protectionism under Trump's administration.

What has been a significant change in the interest rate market after eight years?

• Introduction of negative interest rates

• Emergence of a yield curve

• Increase in interest rates to double digits

• Complete elimination of interest rates

Which political event is NOT mentioned as a factor for 2017's market volatility?

• US Presidential election

• French election

• Brexit

• German election

What is considered the global linchpin in terms of market volatility?

• Japanese Yen

• British Pound

• US Dollar

• Euro

What economic trend is expected towards the end of next year?

• Recession

• Stagnation

• Inflation

• Deflation

What is a potential negative impact of Trump's protectionist agenda?

• Hindered global competition

• Improved international relations

• Increased global trade

• Enhanced economic growth