Will Trump's Plans Risk Overheating the Economy?
Asian equities gained after all four major U.S. equity benchmarks climbed to record highs for the first time since 1999. American shares were boosted as companies ended a five-quarter profit slump and Donald Trump’s election fueled optimism that his plans to cut taxes and boost fiscal spending will benefit industries more geared toward economic growth. The outlook for world growth is providing a tailwind to risky assets, with Goldman Sachs Group Inc. saying Monday that a renewed acceleration of global factory activity suggests commodity markets are entering a cyclically stronger environment. Societe Generale Global Strategist Kit Juckes and ING Bank Chief International Economist Rob Carnell discuss with Francine Lacqua on "Bloomberg Surveillance." (Source: Bloomberg)