English Corner02.03.2017
EU could face another challenge later in the year

The forthcoming Dutch election is, in some ways, a very significant test for the Eurozone, and yet perhaps not, says Paul Brain, Head of Fixed Income at Newton Investment Management (BNY Mellon).

The leader of the PVV party Geert Wilders has been very anti the EU and the Eurozone. Given that his party has been leading the opinion polls this poses a risk to the establishment in Europe. That being said, he doesn't appear to be able to gain a sufficient majority of the vote to lead without the support of other parties. Here is where the risk could subside as most of the other parties have so far refused to contemplate a coalition that includes the PVV. The risk that the market doesn't appear to consider is that excluding the biggest party (by share of vote) from forming a government could be very divisive for the country as a whole. At the very least, Paul Brain, Head of Fixed Income at Newton Investment Management, would expect the new coalition to take notice of the anti-immigration sentiment and also to be tougher on closer integration of Europe.

In France there is also a risk that the market is too complacent. Here too the chances of the Anti- establishment party making it to a position of power seems to be limited if the others are able to group together for the second round. The only risk to this is if they are too fragmented. For now the likes of Fillon and Macron need to take shots at each other to win support. If this goes too far, or if they are too tarnished by scandal, then it may be hard for them to form an alliance against Le Pen in the second round.

For the time being the likely scenario is that both of the 'danger' candidates in both elections do not make it into power. That being said their influence on ongoing policies will be greater and the EU could face another challenge later in the year.


Autor: jog

Weitere Meldungen

Trump Spooks the Markets

22.05.2017 - US markets reacted sharply after news reports that a special counsel has been appointed by the US Justice Department to investigate President Donald Trump. The Standard & Poor’s 500 index dropped 1.82% and investors flocked to US Treasuries, sending yields on the 10-year Treasury down to 2.216%. Pioneer Investments asked three of their senior investment experts in Boston for their reactions to the day’s news.  Mehr...

Capital Dynamics study quantifies the diversification effects of private equity

19.05.2017 - Private equity portfolios not only offer a source of attractive return, but also diversify investor's equity allocation when constructed properly.  Mehr...

Cautious on the outlook for South Africa

28.04.2017 - JO Hambro fund manager James Syme is concerned about the direction of governance in South Africa.  Mehr...

Politics is Front and Center

27.04.2017 - Again, politics is front and center in the minds of investors: The tide is changing inside the White House; Congress is as gridlocked as ever with Republicans failing to act on trademark legislation; and, on the back of the horrific attacks in Syria, geopolitical tensions are bubbling to the surface. Nikolaj Schmidt, Chief International Economist at T. Rowe Price is giving an overview.  Mehr...

Is this the end of the bull bond market?

17.03.2017 - Renowned DoubleLine Capital CEO Jeffrey Gundlach, fund manager of the $2.5bn Nordea 1 - US Total Return Bond Fund and the $36m Nordea 1 - US Bond Opportunities Fund, reveals his view of the bond market in 2017.  Mehr...

Umfrage

Nach den Frankreich-Wahlen wertete der Franken gegenüber dem Euro ab. Wie wird sich der EUR-CHF Kurs bis Ende Jahr entwickeln?

 

Fonds/ETF-Statistiken


Events

SFI Evening Seminar with Prof. Olivia S. Mitchell

29.05.2017 18:00 | Zürich
SIX, Swiss Finance Institute

"Hidden Champions", Milliardenchance oder Auslaufmodell?

31.05.2017 18:00 | Zürich
Investors Panel

Finance for the future - is Switzerland on track?

13.06.2017 13:30 | Bern
Swiss Sustainable Finance

Passives Investieren in Zeiten der innovation

22.06.2017 08:15 | Zürich
Finanz und Wirtschaft Forum

FinDating Geneva

22.06.2017 09:00 | Geneva
FinLantern
zu allen Events

Indizes Schweiz

In Zusammenarbeit mit  morningstar.ch

Märkte


Die Marktkurse werden Ihnen von Investing.com Deutschland zur Verfügung gestellt.
  • Premium-Partner

  • Premium-Partner

    Oddo Meriten
  • Premium-Partner

    Nordea
  • Premium-Partner

    RobecoSAM
  • Premium-Partner

    Swiss Life AM
  • Premium-Partner

    MainFirst
  • Premium-Partner

    Rothschild
  • Premium-Partner

    Morningstar
  • Premium-Partner

    Fidelity

  • Partner

  • Partner

    GAM
  • Partner

    Schwyzer Kantonalbank
  • Partner

    ResponsAbility
  • Partner

    T.Rowe Price
  • Partner

    Investec
  • Partner

    Zürcher Kantonalbank ZKB
  • Partner

    Morgan Stanley
  • Partner

    Invesco
  • Partner

    Schroders
  • Partner

    Immofonds AG für Fondsverwaltung
  • Partner

    BNY Mellon
  • Partner

    Standard Life Investments
  • Partner

    Communicators
  • Partner

    Pioneer Investments
  • Partner

    Robeco
  • Partner

    Old Mutual Global Investors
  • Partner

    Vontobel
  • Partner

    Primecoach
  • Partner

    Fisch
  • Partner

    Natixis
  • Partner

    Lyxor
  • Partner

    Allfunds
  • Partner

    Helvetic Trust
  • Partner

    WisdomTree
  • Partner

    Frankfurt-Trust
  • Partner

    GL Asset Management
  • Partner

    Source ETF
  • Partner

    Aberdeen Asset Management
  • Partner

    LGT
  • Partner

    Swiss Fund Data
  • Partner

    Ethenea
  • Partner

    Bantleon
  • Partner

    UBS
  • Partner

    Sauren
  • Partner

    JO Hambro
  • Partner

    Degroof Petercam
  • Partner

    SimCorp, financial software solutions
  • Partner

    Allianz
  • Partner

    LimmatWealth
  • Partner

    swisspartners
  • Partner

    FIRST INDEPENDENT FUND SERVICES AG
  • Partner

    JP Morgan
  • Premium-Partner

  • Premium-Partner

    Oddo Meriten
  • Premium-Partner

    Nordea
  • Premium-Partner

    RobecoSAM
  • Premium-Partner

    Swiss Life AM
  • Premium-Partner

    MainFirst
  • Premium-Partner

    Rothschild
  • Premium-Partner

    Morningstar
  • Premium-Partner

    Fidelity

  • Partner

  • Partner

    GAM
  • Partner

    Schwyzer Kantonalbank
  • Partner

    ResponsAbility
  • Partner

    T.Rowe Price
  • Partner

    Investec
  • Partner

    Zürcher Kantonalbank ZKB
  • Partner

    Morgan Stanley
  • Partner

    Invesco
  • Partner

    Schroders
  • Partner

    Immofonds AG für Fondsverwaltung
  • Partner

    BNY Mellon
  • Partner

    Standard Life Investments
  • Partner

    Communicators
  • Partner

    Pioneer Investments
  • Partner

    Robeco
  • Partner

    Old Mutual Global Investors
  • Partner

    Vontobel
  • Partner

    Primecoach
  • Partner

    Fisch
  • Partner

    Natixis
  • Partner

    Lyxor
  • Partner

    Allfunds
  • Partner

    Helvetic Trust
  • Partner

    WisdomTree
  • Partner

    Frankfurt-Trust
  • Partner

    GL Asset Management
  • Partner

    Source ETF
  • Partner

    Aberdeen Asset Management
  • Partner

    LGT
  • Partner

    Swiss Fund Data
  • Partner

    Ethenea
  • Partner

    Bantleon
  • Partner

    UBS
  • Partner

    Sauren
  • Partner

    JO Hambro
  • Partner

    Degroof Petercam
  • Partner

    SimCorp, financial software solutions
  • Partner

    Allianz
  • Partner

    LimmatWealth
  • Partner

    swisspartners
  • Partner

    FIRST INDEPENDENT FUND SERVICES AG
  • Partner

    JP Morgan