Markets ‘march on’ and euro gains on dollar after Macron win
Financial markets were buoyed by Emmanuel Macron’s victory in the French presidential election, as the euro soared against the greenback.
Euro
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ARC: Not all currencies are created equal
New data from Asset Risk Consultants shows that choice of reference currency, not investment risk, has had a greater impact on a portfolio’s global purchasing power.
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PA ANALYSIS: Stars aligned for a European equities rally
The fact that the Euro Stoxx 50 index recorded its largest one-day gain since July 2012 on Monday suggests the importance for investors of Emmanuel Macron’s victory in the first round of the French presidential elections can hardly be overestimated.
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JPM: Italicum reform investors’ biggest threat
The outcome of Italy’s constitutional review is a bigger threat to markets than elections in France and the Netherlands, said JPM AM’s Mike Bell.
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PA ANALYSIS: Nothing left to fear for sterling as eurozone drama looms?
As the unfolding political drama in the eurozone takes centre stage after the Brexit vote and the US election, has sterling begun its road to recovery?
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The changing fortunes of global currencies
Whilst we were all eagerly hoping to get a new polymer £5 note in our change from the supermarket a couple of weeks ago, another currency was also also making a ‘first’ appearance of sorts: the Chinese yuan was added to the global reserve basket.
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PA ANALYSIS: Should you buy sterling credit as an ECB hedge?
ECB intervention has pushed European corporate bond yields down to unrealistic levels. It may therefore be a good idea to buy some sterling credit, regardless of how the Brexit saga will play out.
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Currencies: Swings and roundabouts
Making a call on currencies can be make or break for a portfolio and as the global economy enters uncharted waters, managers are looking for signs of the next big swing
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PA Expert Insight:There are other European considerations than Brexit
To paraphrase a sporting aphorism: ‘Brexit is temporary, currency is permanent’ so while the hot debate rages on the relative strength of the euro is a consideration that will not go away. Yet…
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PA ANALYSIS: Currency to play greater role in portfolio returns
ETF Securities has reported a three-fold increase in ‘retail’ investors looking to hedge their currency exposure since the start of the year.
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PA ANALYSIS: A good day for Eurozone investors?
Mario Draghi sounded a sombre note at today’s European Central Bank meeting, suggesting lack of structural reform and pressure from emerging market weakness were holding back the Eurozone recovery.
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Slip into deflation raises chances of ECB QE extension
Eurozone prices fell by 0.1% in September from a year earlier, reversing a 0.1% increase the previous month.