Beyond Bulls & Bears

Italy’s Inflection Point as It Prepares to Unveil Spending Plans
Fixed Income

Italy’s Inflection Point as It Prepares to Unveil Spending Plans

Controversial spending plans outlined by Italy’s populist government caused consternation among investors at the beginning of October. David Zahn, Franklin Templeton’s head of European Fixed Income, considers how the coalition government’s growing popularity could influence the European Union’s response. And he explores the implications for the wider eurozone.

Macron at 100 Days: New French President Faces Busy Autumn
Equity

Macron at 100 Days: New French President Faces Busy Autumn

“Although polls have shown that Macron’s approval ratings have fallen since the election, I don’t see this drop as cause for concern. The ebbs and flows of popular polls are natural, in my opinion, following the giant wave of hope that swept Macron into office. That hope is now meeting the cold light of reality.”– Philippe Brugere-Trelat, Executive Vice President, Franklin Mutual Series

Brexit: “I Have Confidence in Confidence Alone”
Fixed Income

Brexit: “I Have Confidence in Confidence Alone”

I do think we’re at a most extraordinary valuation metric across many bond markets that again goes further than just any possible impact on the United Kingdom. For Europe, this situation amplifies the negative growth shock.

Brexit: Serious Consequences, but “Not the End of the World”
Equity

Brexit: Serious Consequences, but “Not the End of the World”

In the end, any initial success for Brexit will likely depend on whether negotiations between the United Kingdom and the EU are amicable or acrimonious.

A Global Macro View of Brexit Implications
Perspectives

A Global Macro View of Brexit Implications

I think it’s important to break the UK Brexit referendum vote into two components: the first being the permanent effects it will likely have on the United Kingdom, Europe and the global economy; and the second being the more temporary factors.

The Post-Brexit Irrationality of Markets
Equity

The Post-Brexit Irrationality of Markets

Investors are now mulling over what this decision might mean for the UK economy and that of Europe as a whole. Without question, this decision creates uncertainty because there is no blueprint for a country to leave the EU.