Beyond Bulls & Bears

Tory Victory Offers a Boost to UK Market⁠—But for How Long?
Fixed Income

Tory Victory Offers a Boost to UK Market⁠—But for How Long?

The Conservative victory in the UK General Election should bring some relief for UK markets, according to our Head of European Fixed Income, David Zahn. But he warns investors’ attention is likely to turn quickly to how the new government can really “get Brexit done”.

A Look at the UK’s Post-Election Scenarios
Fixed Income

A Look at the UK’s Post-Election Scenarios

The UK general election campaign is entering its final stages. Opinion polls and market sentiment suggest the Conservatives could be on course for victory, but the result is far from being a foregone conclusion. Our Head of European Fixed Income, David Zahn, examines some of the possible scenarios and considers how financial markets might react.

Gilts Under the Microscope as the UK Heads Back to the Polls
Fixed Income

Gilts Under the Microscope as the UK Heads Back to the Polls

As the United Kingdom heads back to the polls, our David Zahn offers some thoughts on the implications for investors.

Brexit: Not the Beginning of the End, But the End of the Beginning?
Fixed Income

Brexit: Not the Beginning of the End, But the End of the Beginning?

Against the odds, Boris Johnson’s UK government appears to have agreed to a deal in principle with the European Union (EU) which could see the United Kingdom leave the EU on October 31 in an orderly way. But David Zahn, our Head of European Fixed Income, cautions against popping the champagne corks too prematurely. There’s still a lot of work to be done, and financial market volatility is likely to remain heightened, he says.

European Political Developments: A Lesson in Unexpected Consequences
Fixed Income

European Political Developments: A Lesson in Unexpected Consequences

Even the most dedicated news-junkie may struggle to keep up with the pace of political shenanigans in Europe in recent weeks. Two countries in which the news has been especially fast-moving are Italy and the United Kingdom. Our Head of European Fixed Income David Zahn notes some peculiar similarities in the way events have unfolded.

What We Think Could Drive European Markets in the Coming Months
Fixed Income

What We Think Could Drive European Markets in the Coming Months

As European investors and market practitioners return from their summer vacations and prepare for the final third of 2019, our Head of European Fixed Income David Zahn highlights the issues he thinks will drive markets in the coming months.

New UK Prime Minister Boris Johnson Faces Challenges at Home and Abroad
Fixed Income

New UK Prime Minister Boris Johnson Faces Challenges at Home and Abroad

Boris Johnson, one of the most enthusiastic supporters of Brexit, is the United Kingdom’s new prime minister. David Zahn, Franklin Templeton’s Head of European Fixed Income, doubts Johnson will have much of a honeymoon period in the new role as he faces stiff challenges domestically and internationally, with global markets scouring his every move.

Why We’re Positive About Lagarde’s ECB Nomination
Fixed Income

Why We’re Positive About Lagarde’s ECB Nomination

Christine Lagarde may have emerged as a surprise candidate to take the helm of the European Central Bank (ECB), but David Zahn, our Head of European Fixed Income, sees it as a positive choice. Here he explains why both her experience, and lack of it, could prove positive if she does secure the job. And he shares his conviction that, whoever is in charge, the ECB is likely to remain steadfast on its easing path.

ECB Acts to Reassert Its Inflation-Targeting Role
Fixed Income

ECB Acts to Reassert Its Inflation-Targeting Role

Many observers had low expectations ahead of this week’s European Central Bank (ECB) governing council meeting. But as David Zahn, Franklin Templeton Fixed Income Group’s Head of European Fixed Income, explains, the decisions made at the meeting have some intriguing implications and show the extent of the bank’s determination to achieve its inflation target.

European Parliamentary Elections: A Barometer of European Thinking?
Fixed Income

European Parliamentary Elections: A Barometer of European Thinking?

European parliamentary elections don’t typically generate international headlines, but with the wrinkle of Brexit still unsettled, this time they are front and centre. Our David Zahn weighs in.

May Confirms Departure Date, but What Could It Mean for Investors?
Fixed Income

May Confirms Departure Date, but What Could It Mean for Investors?

“We calculate there would be no time for May’s successor to renegotiate a fresh deal with Brussels, so we think is more likely the UK could leave the EU without a deal.” David Zahn, Head of European Fixed Income.

How the Search For Yield is Going Green
Fixed Income

How the Search For Yield is Going Green

Investors are considering a growing range of methods to try to eke out yield in this resolutely low interest-rate environment. As David Zahn, our Head of European Fixed Income notes, fixed maturity (or so-called buy and hold) funds have proven a popular choice for some. And with environmental, social and governance (ESG) considerations high on the agenda, Zahn argues that investors should not have to sacrifice their green credentials in the search for yield.