Dips to buy in have become ever scarcer in the QE-led era, but does the performance gap between Spanish and other European equities that has emerged thanks to the political turmoil in Catalonia present investors with a great opportunity?
Markets appear to have shrugged off Sunday night’s referendum loss by Matteo Renzi’s government, and while this will cheer investors it is far from clear that the fallout has been contained.
European markets were largely unmoved on Monday morning despite the Italian electorate’s decision to reject Prime Minister Matteo Renzi’s call for constitutional reform.
The Italian constitutional reform referendum this autumn will, or rather should, cause European investors to hold their breath more anxiously than they did on the morning of 24 June.
The Italian referendum is more important for Italy’s future than the Brexit vote was for the United Kingdom’s, according to Olly Russ, head of European Income at Liontrust.
Deals made by short term investors have decreased by 12% year-on-year ahead of Britain’s European Union referendum, according to The Share Centre.
Confused by all the pros and cons of a Brexit? Portfolio Adviser gives you an overview of some of the voices in the Brexit debate with the most gravitas.
Yanis Varoufakis would find it hard to resist voting for Brexit if he were British, he said at Expert Investor’s Pan-European Congress in Rome last Friday. However, his wish is not going to materialise, congress delegates believe.
Legal & General Investment Management’s board has released a statement saying a British exit from the European Union would have little impact on its business as it is UK and US focused.
Prime Minister David Cameron has proclaimed victory in his battle to agree reforms for the United Kingdom’s European Union membership terms.
Most European markets were trading lower (somewhere between 1 and 2%) in early trade on Monday, after Greece’s historic no vote in Sunday’s austerity referendum.
Markets were buoyed on Friday by the unexpectedly clear triumph of the Conservatives, but while one question hanging over investors and the country has been answered a bigger one now looms.
