Poll: Stocks bet on Donald Trump

Global investors’ equity holdings rose to six-month highs in December on bets that US president-elect Donald Trump’s promised fiscal splurge would spur higher growth and inflation, a Reuters monthly poll showed.

Mr Trump’s plans to cut taxes and boost spending have sent Wall Street to record highs in December as investors pile into everything from banks, to energy and materials and other infrastructure-related names.

The last Reuters asset allocation poll of 2016 surveyed 45 fund managers and chief investment officers in mainland Europe, the US, Britain and Japan.