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

US President Donald Trump has only been in office for a few days, but his impact on the markets has already been significant.

US stocks rose Consecutive weekly gains last week Although the march stopped on Friday, Standard & Poor’s 500 Still set a new daytime record.

This comes after the US President called for this Low interest rates and Oil prices are cheaper This was in a speech he delivered on Thursday at the World Economic Forum in Davos, Switzerland. Investors are also betting on potential tax cuts and deregulation under the new president, sending stocks higher.

However, not everyone is as optimistic looking to the future, with some – such as JPMorgan Chase CEO Jamie Dimon – suggesting that… Markets can be overvalued.

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

“I’m cautiously optimistic “They say I have scenarios where it could go really bad,” Fink told CNBC’s Andrew Ross Sorkin.

“I think if we were to unleash all this private capital, we would have tremendous growth, (but), at the same time, some of this would unleash new inflationary pressures,” he explained. “And I think that’s a risk that hasn’t been taken into account in the market.”

Lagarde Karen Tsu said That there was a difference in monetary policy between the Eurozone and the United States due to the “different economic situation.”

She also said she was not “overly concerned” about the risk of inflation spilling over from abroad into Europe, adding that she expected the ECB to continue to cut interest rates gradually as the price growth rate moved towards the target.

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

He added: “I don’t think you have to give any advice to the United States, but if you look at the risks to the financial markets, I think inflation is certainly one, and it’s all driven by tariffs.” Tangen said Tuesday. “Geopolitical tensions in general have a negative impact on financial markets and financial returns.”

Tangen added that “from a purely financial standpoint,” Trump’s arrival will be “very positive” for many American companies.

Solomon too Andrew Ross told Sorkin He was noticing the focus on growth in the United States, as well as in his conversations with European clients in Davos.

“I think people are optimistic, and the path will not be smooth and perfect, but people are optimistic that we will run a more growth-oriented agenda. We will free up some investment, and we will move forward to open up the private sector a little but more, and that has to be constructive.”

“It’s hard to argue with the fact that equity multiples are high… I think the equity markets are showing a sense of optimism right now, but they’re also showing a sense of optimism about growth and technology, particularly this AI wave. Of course it’s not going to be a straight line, but some technology that We see it, and the opportunities for this technology to meaningfully improve productivity are extraordinary.

Moynihan Andrew Ross told Sorkin On Tuesday, he believed US markets had room to rise in 2025, and that the main concern for business and financial services would be regulatory policy, not inflation.

“Our research team believes there is room to take off this year, and they expect the market to go up,” he said. “Not as much as last year, and what is unusual is that you have had two consecutive years of very strong growth, but that has been paying off,” he said. “A couple of years of very unusual times.” .

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

The head of the central bank said that the tariffs proposed by US President Donald Trump could prevent a decline in inflation and keep interest rates high. Andrew Ross told Sorkin Tuesday.

“Inflation is much more difficult than we were saying,” Ermotti said.

“Tariffs probably won’t really help reduce inflation. So I don’t expect (interest) rates to fall as quickly as people think,” he said.

“I think there are two things driving this. One is that interest rates have reached a relatively stable level. Our economists are calling for one rate cut in the US over the next year.” Andrew Ross told Sorkin.

“It’s still high, but it’s stable, so you can at least plan better, because you don’t have fluctuations in interest rates. The second is with the change in (US) administration, it should be easier for mergers.” “to happen.”

Venkatakrishnan added that he expects President Trump to ease regulatory restrictions, which would be “generally good for business sentiment and good for business opportunities.”

The UK needs to attract more creditable investment to boost economic growth, Reeves He told CNBC.

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

She also discussed Trump’s threats of global tariffs.

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

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