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

Only market participants change their behaviour due to geopolitical tensions

15.08.2017 - Last friday, Samir Mehta, Senior PM of the JOHCM Asia ex Japan Fund, has put together a few comments regarding the current geopolitical tensions on the Korean peninsula.  Mehr...

Will North Korea be the Catalyst for a new Bull Market in Gold?

10.08.2017 - Ned Naylor Leyland, manager Old Mutual Gold & Silver at Old Mutual Global Investors, says institutional investors appear to be, once again, considering an allocation to gold.  Mehr...

Why Greece is returning to the bond market

25.07.2017 - Nicholas Wall, Old Mutual Global Investors, explains why he is optimistic on Greece plans to return to the bond markets.  Mehr...

Is France on the March to a new Revolution?

14.07.2017 - Ian Ormiston, Old Mutual Global Investors, asks whether the French spirit of change is alive once again.  Mehr...

UK: The Pendulum Has Swung too Far

13.07.2017 - UK unemployment data add to pressure on BoE, says Mark Nash, head of global bonds, Old Mutual Global Investors.  Mehr...

Umfrage

Der SMI steht bei Jahreshälfte nach einem kontinuierlichen Höhenflug über der Marke von 9'000 Punkten. Erleben wir in diesem Jahr ein neues Allzeithöchst?

 

Fonds/ETF-Statistiken


Events

Vision Bank - Vision Finanzplatz Schweiz

23.08.2017 13:45 | Zürich
Finanz und Wirtschaft Forum

Ausblick Schweizer Immobilienmarkt

23.08.2017 17:00 | Zürich
Reida

SKSF Fonds-Konferenz

24.08.2017 09:00 | 8005 Zürich
SKSF

Alternative Anlagen: Wo geht die Reise hin?

29.08.2017 18:30 | Zürich
Friends of Funds

«Roboland»: Wie digital wird unsere Zukunft?

13.09.2017 17:30 | Zürich
Investors Panel
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

    Nordea
  • Premium-Partner

    Swiss Life AM
  • Premium-Partner

    Morningstar
  • Premium-Partner

    Rothschild
  • Premium-Partner

    Oddo Meriten
  • Premium-Partner

    Fidelity
  • Premium-Partner

    RobecoSAM
  • Premium-Partner

    MainFirst

  • Partner

  • Partner

    JP Morgan
  • Partner

    LGT
  • Partner

    Allianz
  • Partner

    Robeco
  • Partner

    SimCorp, financial software solutions
  • Partner

    ResponsAbility
  • Partner

    Investec
  • Partner

    Communicators
  • Partner

    UBS
  • Partner

    Allfunds
  • Partner

    Immofonds AG für Fondsverwaltung
  • Partner

    Ethenea
  • Partner

    T.Rowe Price
  • Partner

    Schwyzer Kantonalbank
  • Partner

    Zürcher Kantonalbank ZKB
  • Partner

    Degroof Petercam
  • Partner

    LimmatWealth
  • Partner

    Frankfurt-Trust
  • Partner

    Helvetic Trust
  • Partner

    Source ETF
  • Partner

    Old Mutual Global Investors
  • Partner

    Bantleon
  • Partner

    Morgan Stanley
  • Partner

    Natixis
  • Partner

    Swiss Fund Data
  • Partner

    GAM
  • Partner

    GL Asset Management
  • Partner

    Primecoach
  • Partner

    FIRST INDEPENDENT FUND SERVICES AG
  • Partner

    Schroders
  • Partner

    WisdomTree
  • Partner

    BNY Mellon
  • Partner

    Sauren
  • Partner

    Vontobel
  • Partner

    Pioneer Investments
  • Partner

    Fisch
  • Partner

    Aberdeen Asset Management
  • Partner

    Standard Life Investments
  • Partner

    JO Hambro
  • Partner

    swisspartners
  • Partner

    Invesco
  • Premium-Partner

  • Premium-Partner

    Nordea
  • Premium-Partner

    Swiss Life AM
  • Premium-Partner

    Morningstar
  • Premium-Partner

    Rothschild
  • Premium-Partner

    Oddo Meriten
  • Premium-Partner

    Fidelity
  • Premium-Partner

    RobecoSAM
  • Premium-Partner

    MainFirst

  • Partner

  • Partner

    JP Morgan
  • Partner

    LGT
  • Partner

    Allianz
  • Partner

    Robeco
  • Partner

    SimCorp, financial software solutions
  • Partner

    ResponsAbility
  • Partner

    Investec
  • Partner

    Communicators
  • Partner

    UBS
  • Partner

    Allfunds
  • Partner

    Immofonds AG für Fondsverwaltung
  • Partner

    Ethenea
  • Partner

    T.Rowe Price
  • Partner

    Schwyzer Kantonalbank
  • Partner

    Zürcher Kantonalbank ZKB
  • Partner

    Degroof Petercam
  • Partner

    LimmatWealth
  • Partner

    Frankfurt-Trust
  • Partner

    Helvetic Trust
  • Partner

    Source ETF
  • Partner

    Old Mutual Global Investors
  • Partner

    Bantleon
  • Partner

    Morgan Stanley
  • Partner

    Natixis
  • Partner

    Swiss Fund Data
  • Partner

    GAM
  • Partner

    GL Asset Management
  • Partner

    Primecoach
  • Partner

    FIRST INDEPENDENT FUND SERVICES AG
  • Partner

    Schroders
  • Partner

    WisdomTree
  • Partner

    BNY Mellon
  • Partner

    Sauren
  • Partner

    Vontobel
  • Partner

    Pioneer Investments
  • Partner

    Fisch
  • Partner

    Aberdeen Asset Management
  • Partner

    Standard Life Investments
  • Partner

    JO Hambro
  • Partner

    swisspartners
  • Partner

    Invesco