Beyond Bulls & Bears

Italian Election Outlook and Why We Don’t See an ECB Rate Hike Before 2020
Fixed Income

Italian Election Outlook and Why We Don’t See an ECB Rate Hike Before 2020

The upcoming Italian election is not attracting the same sort of attention among investors as votes last year in France and Germany. For that very reason, David Zahn, Franklin Templeton’s Head of European Fixed Income, believes an unexpected result might provoke an outsized market reaction. And while investors seem more preoccupied with the trajectory of eurozone monetary policy, Zahn believes there are good reasons to think the European Central Bank will hold off until 2020 before pushing interest rates up.

The Underappreciated Story: How Brexit Threatens to Shift the Balance of Power in the EU
Fixed Income

The Underappreciated Story: How Brexit Threatens to Shift the Balance of Power in the EU

“We think the United Kingdom’s departure from the EU may start to show up differences of attitude among different factions within the trading bloc. And, it may bring about a switch in the balance of power in the European Parliament.” David Zahn, Head of European Fixed Income.

UK Spring Budget: Out with a Whimper, Just as Hammond Hoped
Equity

UK Spring Budget: Out with a Whimper, Just as Hammond Hoped

The [UK] chancellor painted a becalmed picture of steady economic growth for the United Kingdom. Of course, that picture may be at odds with many people’s expectations, particularly given the likely Brexit negotiation process due to take place during that period.

Will Equities See a Sweeter ’16 Ahead?

Will Equities See a Sweeter ’16 Ahead?

Global financial markets still face numerous risks, but the drivers of corporate profitability appear to us to be sustainable in the current business and economic environment.

A Year for Value?

A Year for Value?

While stocks are certainly vulnerable to near-term volatility, we think the asset class globally remains well positioned for long-term performance potential.

Northern Exposure: The Case for Canadian Equities

Northern Exposure: The Case for Canadian Equities

Greek Crisis: This Too Shall Pass

Greek Crisis: This Too Shall Pass

Perception vs. Reality

Perception vs. Reality

‘Debt’ and ‘Crisis’ Not Inextricably Linked

‘Debt’ and ‘Crisis’ Not Inextricably Linked

Chris Molumphy: Frank Talk on Fundamentals

Chris Molumphy: Frank Talk on Fundamentals

Focusing on Fixed Income

Focusing on Fixed Income

Making Sense of Market Sentiment

Making Sense of Market Sentiment