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Stock impact report

Is Banco Santander (SAN) the Most Profitable European Financial Company to Invest In? [Yahoo! Finance]

Banco Santander, S.A. Sponsored ADR (Spain) (SAN) 
Company Research Source: Yahoo! Finance
After the U.S. Presidential elections, the global economies might face trade tariff tribulation as the Trump administration is expected to accelerate the trade war. China and Europe are especially expecting Trump's potential trade policies that can heat the trade war. In addition, the rising perturbation around Germany's upcoming snap election is a sign of worry for investors. Since the US elections, European stocks have retreated, outflows have increased, and the euro has slid against the U.S. dollar. According to the European Central Bank's chief economist, Philip Lane, if global trade feels more of a burden, the global economic output would suffer a sizable loss. “Trade fragmentation entails sizeable output losses,” said Lane, during a speech in Amsterdam. Lane anticipates a potential hit on the global output at between 2%, in case of partial trade restrictions, and almost 10% if a full ban is imposed. Furthermore, the leading banks including JPMorgan, Goldman Sachs, and Citi Show less Read more
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