New York — A gauge of global equity markets advanced on Monday and bond yields rose, lifted by a reemergence of assets likely to benefit from reflationary policies that are expected to be implemented by US President Donald Trump.Financials and banks in particular led equities on Wall Street higher as investors bet Trump’s tax reform plans and softer regulatory environment will boost economic growth and corporate profits."It’s interesting and it’s very important that the financials are on the leading edge of the reflation trade," said Peter Kenny, senior market strategist at Global Markets Advisory Group, in New York."If you look at the financials, the primary reason we are seeing outperformance on their part, that speaks directly to the Trump reflation trade." Investors were also encouraged by the two-day US-Japan summit held over the weekend apparently having ended smoothly without President Donald Trump talking tough on trade, currency or security issues.The Dow Jones Industrial A...
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