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Nomura's Jim McCafferty says investors comfortable with Donald Trump winning the election

Updated : September 30, 2020 05:19 PM IST

Jim McCafferty, joint head of Asia-Pacific equity research at Nomura said he believes that investors would be comfortable with US President Donald Trump winning the re-election.

However, if Joe Biden wons the US presidential election, then we could see a hike in taxes, McCafferty said.

According to him, there is a need for a lower corporate tax rate to aid the market rising. A Biden victory could squeeze earnings per share (EPS) estimates, McCafferty added.
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