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Brave new world for US equities

Brave new world for US equities

Donald Trump’s victory in the US presidential election could be a boon for American companies. The real estate tycoon has pledged to spend billions on infrastructure, stem the outflow of manufacturing jobs overseas, cut the corporate tax rate, curtail financial and environmental regulations, and protect domestic industries by scrapping international trade deals. Lower taxes and higher government spending could galvanise economic growth and prompt companies such as Apple (US:AAPL) and Alphabet (US:GOOG) to repatriate and invest the cash they've stashed overseas. However, there's no guarantee the incoming president will actually pursue those policies or that Congress will approve them.

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