Deutsche Bank: European stocks could plummet 10% if Donald Trump wins
Deutsche Bank: European stocks could plummet 10% if Donald Trump wins
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European stocks could drop as much as 10% if Donald Trump wins the U.S. presidential election, according to Deutsche Bank. The bank argues in a research note that economic uncertainty would spike during a Trump presidency, leading to confusion over tax, immigration and trade policy. Deutsche Bank's analysts said that Trump's messaging on economic plans has been "far from consistent." Even Trump's plans to increase spending on infrastructure -- which could boost the economy -- are "vague." European energy companies, in particular, could take a hit from a Trump victory. The Republican nominee has pledged boost both U.S. crude and coal production. And if Hillary Clinton wins? Deutsche Bank said
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