Beyond Bulls & Bears

ECB Preview: Will Recent Italian Developments Influence Europe’s Tapering Timeline?
Fixed Income

ECB Preview: Will Recent Italian Developments Influence Europe’s Tapering Timeline?

“With eurozone growth data softer recently and inflation also relatively muted, we think it would be premature for the ECB to embark on a tightening cycle.” – David Zahn, Franklin Templeton Fixed Income Group

An Unconventional New Government in Italy
Fixed Income

An Unconventional New Government in Italy

“Although we think that fears about the League/Five Star coalition’s euro scepticism are over-played, we recognise there could be tensions between Rome and Brussels in particular over the new government’s spending plans.” – David Zahn, head of European Fixed Income.

Prospect of Snap Election in Italy Spooks Equity Markets
Equity

Prospect of Snap Election in Italy Spooks Equity Markets

"Assuming Italy will vote in 2017 and gain a stable coalition, all three major euroland countries will have newly elected governments. Hopefully, they can all work together for the next three to four years on EU reform following the United Kingdom’s exit. We think this could give financial markets long hoped-for political stability, the chance to mend the European project and reinvigorate growth.” Robert Mazzuoli, portfolio manager, Franklin Local Asset Management, European Equities.