A change of guard

In 2017, markets will increasingly depend on domestic investors

The concerns of the global investment community in 2017 centre on known unknowns. It is known that a new US president with unusual policy prescriptions will take charge but it is not known what the policies will be. Britain is exiting the European Union but it is not known how. There are elections in Germany and France and (obviously unknown) outcomes could lead to tectonic policy shifts. The Organization of the Petroleum Exporting Countries and Russia have negotiated a cap on production of crude oil but it is not known if that will hold. The geopolitics of conflict resolution in