Fink, Dimon, Largarde and more on what’s next for markets

The President of the United States, Donald Trump, has only been in office for a matter of days, but his impact on the markets has already been significant.

US stocks have been affected back-to-back weekly gains last week and even if the demonstration was paused on Friday, the S&P 500 still breaks a new record during the day.

It comes after the US leader asked lower interest rates and cheaper oil prices in a speech Thursday at the World Economic Forum in Davos, Switzerland. Investors also bet on potential tax cuts and deregulation under the new president, sending stocks higher.

Not everyone is optimistic about the outlook, however, with some – such as JPMorgan Chase CEO Jamie Dimon – suggesting that. the markets might be too expensive.

After a week of interviews with business leaders, lawmakers and investors in the Swiss ski resort, here’s what the industry’s biggest names told CNBC:

“I am cautiously optimistic – That being said I have scenarios where it could be pretty bad,” Fink told CNBC’s Andrew Ross Sorkin.

“I believe that if we were to unlock all this private capital, we would have enormous growth, [but]at the same time, some of this will unlock new inflationary pressures,” he explained. “And I believe that this is the risk that is not factored into the market.”

Lagarde he told Karen Tso that there was a divergence in monetary policy between the euro area and the United States due to a “different economic environment”.

She also said she was not “overly concerned” about the risk that inflation abroad will be imported into Europe, adding that she expected the ECB to continue to gradually lower interest rates while the growth rate of prices move towards the target.

“We are certainly interested in seeing the United States grow, because growth in the United States has always been a favorable factor for the rest of the world,” Lagarde said.

“I don’t think you should give advice to the United States, but if you look at the risk to the financial markets, I think inflation is definitely, all driven by tariffs.” Tangen said Tuesday. “Geopolitical tensions are generally negative for financial markets and for financial returns.”

Tangen added that “purely financially”, the arrival of Trump will be “very positive” for many American companies.

Solomon too said Andrew Ross Sorkin that he was noted a focus on growth, in the United States, and also in his conversations with European clients in Davos.

“I think people are optimistic, and it will not be a smooth and perfect road, but people are optimistic that we are going to manage a more growth-prone agenda. We are going to release some investment, let’s go. to unlock the private sector a little but more, and this should be constructive,” he said.

“It’s hard to argue with the fact that equity multiples are high… I think the equity markets are showing a sense of optimism at the moment, but they’re also showing a sense of optimism around growth and technology , especially this AI wave. Of course it won’t be a straight line, but some of the technology that we see, the opportunities for that technology to improve productivity significantly.”

Moynihan said Andrew Ross Sorkin On Tuesday he thought that US markets had room to climb in 2025, and that the key concern for companies and financial services would be regulatory policy, rather than inflation.

“Our research team thinks that there is room to go this year, they predict that the market will go up. Not as much as last year, and the unusual thing is that you had a couple of years in a row of very strong growth , but that had come out a couple of years ago, very unusual times,” he said.

Moynihan added: “I think if you look at the key thing for businesses in general, including financial services and banking businesses, is the question of regulation.”

The tariffs proposed by US President Donald Trump could prevent disinflation and keep interest rates higher, the bank chief. said Andrew Ross Sorkin on tuesday

“Inflation is much stickier than we’ve been told,” Ermotti said.

“Tariffs probably won’t really help inflation come down. And so I don’t see it [interest] rates are going down as much as people believe,” he said.

“I think there are two things that drive it. One is that interest rates have reached a relatively stable level. Our economists call for perhaps a rate cut in the United States over the next year,” he. said Andrew Ross Sorkin.

“They are still high, but they are stable, so you can at least plan better, because you don’t have volatility in rates. The second is with the change in [U.S.] administration, it should be easier for mergers to take place.”

Venkatakrishnan added that he expected President Trump to relax regulations, which would be “generally good for business sentiment and good for business opportunities.”

Reeves, the United Kingdom needs to attract more investment in supervision to boost economic growth he told CNBC.

“My message to American investors and also to global investors is: Britain is open for business, we want your investment.”

He also discussed Trump’s global tariff threats.

“I understand that President Trump is concerned about countries that have a large and persistent surplus on the trade balance with the United States. This is not the case for the United Kingdom,” said Reeves.

“We are not part of the problem here. So we, the United Kingdom, increased trade with President Trump the last time he was in office.”