European equities jump as Greece deal nears
The leading European equities indices have jumped this morning as reports emerge indicating a deal has been reached to offer Greece a new bailout and keep it in the eurozone.
The leading European equities indices have jumped this morning as reports emerge indicating a deal has been reached to offer Greece a new bailout and keep it in the eurozone.
Germany’s finance minister Wolfgang Schäuble put the question to the Greek government during negotiations, according to a senior member of Greece’s negotiating team.
US equities enjoyed a resurgence in popularity in June, according to BlackRock.
After its spectacular fall from grace, going from one of the most bought to one of the most sold stock markets, US equities have suddenly found new fans in Luxembourg, France and Portugal.
The latest EIE sentiment research reveals that France, Germany and Norway have taken a dip in their love of absolute return products.
European equities remain the most popular asset class with European fund selectors, but less people intend to increase their exposure than in the beginning of the year, according to EIE’s freshest data.
Asset management companies remain remarkably upbeat when it comes to the prospects of Asia ex-Japan equities. In defiance of the rollercoaster performance of recent months and the widespread conviction that Chinese equities are in a bubble which appears in the process of unraveling, they consider the risk of a serious market correction negligible.
Equities and high yield bonds follow each other wherever they go, both when it comes to fund flows and returns, as we discussed last week on this site. The Barclays Global High Yield Index even followed stocks down on Monday in the aftermath of the breakdown of talks between Greece and its creditors. So, if…
“Events in Greece have tipped the balance,” Bank of England Governor, Mark Carney, said on Wednesday as explanation for the Financial Policy Committee’s view that risks to financial stability have worsened.
With Chinese stocks having officially entered bear territory earlier this week, industry experts are divided on which neck of the woods the market will end up in.
The launch of the ECB’s bond-buying programme has led to a convergence in net inflows into investment grade bonds and European equities, an analysis of recent Morningstar fund flows data shows.
Despite the possibly devastating consequences of a Grexit on European equities, asset management companies’ confidence in the asset class remains at record levels, according to the latest EIE Fund Manager Sentiment survey.