WEF in Davos

Today is the first day of the annual meeting of the World Economic Forum in Davos, Switzerland. The event which is hosted by the Swiss ski resort at the start of each year gathers the world’s leading economists to discuss global economic issues and coordinate policies aimed at improving the economic climate. Many analysts will keep an eye on the proceedings from the WEF in Davos, because the event allows for a rare opportunity of a direct meeting between presidents, government officials, and central bankers from all over the world. This year is particularly interesting because President Trump decided to join his financial advisors on this trip. As President of the US, Trump has repeatedly endorsed policies which would “close down” the American borders to many internationals. The WEF, on the other hand, is built on international cooperation, which seems to be at odds with Trump’s standpoint. The event is just beginning and will last through the week. As we learn more in the next few days about what’s being discussed at the WEF, many trading instruments might be affected by the decisions made there.