Beyond Bulls & Bears

Theresa May Holds on, but What Does This Mean for Investors?
Fixed Income

Theresa May Holds on, but What Does This Mean for Investors?

Theresa May has survived a leadership challenge called by Eurosceptic members of her own party and will continue to lead the United Kingdom as it heads towards Brexit. But David Zahn, Franklin Templeton Fixed Income Group’s head of European Fixed Income, warns May’s troubles are not over yet. He predicts further volatility ahead for financial markets, but argues there may be opportunities for shrewd active managers.

Theresa May’s Brexit Steeplechase Has Only Just Begun: An Investor’s Perspective
Alternatives

Theresa May’s Brexit Steeplechase Has Only Just Begun: An Investor’s Perspective

UK Prime Minister Theresa May seemed to have cleared the first hurdle in her bid to secure a soft Brexit. Her Cabinet initially backed the withdrawal deal UK and European Union negotiators have agreed to. But subsequently a number of cabinet members resigned. David Zahn, Franklin Templeton’s head of European Fixed Income, warns her most difficult challenge now lies ahead. And he believes there remain plenty of obstacles in her path, with profound implications for investors.

How Angela Merkel’s Future Could Influence European Markets
Fixed Income

How Angela Merkel’s Future Could Influence European Markets

Markets have largely brushed off speculation about the future of German Chancellor Angela Merkel as she stood down as leader of the Christian Democratic Union party. However, our Head of European Fixed Income David Zahn believes her decision could have ramifications, both politically and economically, in the not-so-distant future.

Is It Time to Consider European Sovereign Debt?
Fixed Income

Is It Time to Consider European Sovereign Debt?

"The divergence between bond yields of some eurozone countries should bring potential opportunities for investors willing to be flexible in the way they move in and out of areas where they don’t see value.” David Zahn, head of European Fixed Income, Franklin Templeton Fixed Income Group.

European Bond Market: What Lies Beyond the Politics?
Fixed Income

European Bond Market: What Lies Beyond the Politics?

While politics may dominate the investment agenda in Europe and further afield, it won’t be the only theme for investors, in our view.

I Know What You Missed This Summer

I Know What You Missed This Summer

Volatility doesn’t necessarily mean bad news for active investors; on the contrary, we believe it opens up doors for those brave enough to take positions on in a longer term view.

Rising US Dollar a Mixed Bag for World’s Currencies

Rising US Dollar a Mixed Bag for World’s Currencies

I don’t think the British pound will be quite as badly impacted by the dollar strengthening because the United Kingdom, like the United States, is in a better economic state than some other countries. It wouldn’t surprise me to see the pound hold up better than the euro against the dollar.

The Eurozone Plots Its Long Road to Recovery

The Eurozone Plots Its Long Road to Recovery

So far, the prescriptive actions taken by the European Central Bank (ECB) have been helpful, in my view, even if their execution was a bit underwhelming.

Dispelling European Fears: Focus on Fundamentals

Dispelling European Fears: Focus on Fundamentals

On “Safe Havens” and the Great Rotation

On “Safe Havens” and the Great Rotation