Beyond Bulls & Bears

How the German Election Could Dictate Europe’s Future Direction
Fixed Income

How the German Election Could Dictate Europe’s Future Direction

“These are optimistic times in Europe, in general. In contrast to what many observers might have expected nine months ago, the political structure in Europe is probably the most stable it’s been in 10 years.” - David Zahn, Franklin Templeton Fixed Income Group

An Opportune Time to Change Investors’ Perception of Investing in Europe
Equity

An Opportune Time to Change Investors’ Perception of Investing in Europe

“Gross domestic product growth in the euro area has quietly overtaken that of the United States so far this year. But the risks once associated with political uncertainty, populism and fears over the possible break-up of the European Union (EU) have not proven as potent as they initially appeared.” Robert Mazzuoli, portfolio manager, Franklin Local Asset Management

The End of the Eurozone’s QE Era?
Fixed Income

The End of the Eurozone’s QE Era?

”We know the European Central Bank (ECB) likes to flag changes to its monetary policy approach well before they’re implemented. That’s why we expect an imminent announcement from ECB President Mario Draghi that the bank will start winding down its quantitative easing (QE) programme next year.” - David Zahn, Franklin Templeton Fixed Income Group

Global Economic Perspective: August
Equity

Global Economic Perspective: August

In this month’s Global Economic Perspective, Franklin Templeton Fixed Income Group takes a look at recent US economic data, and increased skepticism among many market participants about whether the Federal Reserve will implement another increase in interest rates before the end of the year.

Global Economic Perspective: July
Fixed Income

Global Economic Perspective: July

In this month's Global Economic Perspective, our Fixed Income Group dives into diverging central bank policy and weighs in on whether the European Central Bank is likely to be less accommodative—and what its timing might look like.

Why ECB Tapering Expectations May Be Premature
Multi-Asset

Why ECB Tapering Expectations May Be Premature

“Financial markets across Europe seem to have taken upbeat comments from European Central Bank President Mario Draghi late last month as evidence that the end may be in sight for accommodative monetary policy in the region. Our view is more nuanced.” Matthias Hoppe, Franklin Templeton Multi-Asset Solutions.

Global Economic Perspective: June
Fixed Income

Global Economic Perspective: June

In this month’s Global Economic Perspective, Franklin Templeton Fixed Income Group examines whether inflation may gain momentum in the United Sates, why it’s pleased the European Central Bank has resisted tapering of its quantitative easing program and why investors in all markets need to be cognizant of political risks.

Global Economic Perspective: May
Fixed Income

Global Economic Perspective: May

In this month’s Global Economic Perspective, Franklin Templeton Fixed Income Group examines the aftermath of the French election in Europe, signs of a pickup in global growth and whether Japan’s “Abenomics” experiment is working.

Global Economic Perspective: March
Fixed Income

Global Economic Perspective: March

Even though confidence among US businesses and consumers has been lifted by the advent of a new administration, the question of whether this buoyant mood is likely to translate into a significant pickup in US economic growth remains unanswered, in our view.

How Rising Inflation Could Ride to the Rescue of Eurozone Earnings
Perspectives

How Rising Inflation Could Ride to the Rescue of Eurozone Earnings

Recent experience suggests that equity markets in general have a problem pricing in political events and elections. However, we believe politics does not drive equity markets long term; rather, politics provides a short-term opportunity to take advantage of longer-term trends.

Why Markets Are More Cautious About the Next Potential Political Pitfall
Fixed Income

Why Markets Are More Cautious About the Next Potential Political Pitfall

Although the Italian constitutional referendum may seem parochial compared with the US election or the Brexit vote, it has the potential to bring further uncertainty to a European Union which is already struggling to digest the implications of Trump’s victory.

What Next for Europe and the UK as an Italian Referendum Looms?
Fixed Income

What Next for Europe and the UK as an Italian Referendum Looms?

We think government stability, a weaker currency and accommodative central bank should help minimise the economic repercussions of Brexit.