Global Equities

Italian election comment

At this hour, stock markets are in negative territory, unsure how the political environment in Italy will develop
March 2018

Risk Disclaimer 

This update may contain forward-looking statements which can be identified by the use of terminology such as ‘may’, ’should’, ‘expect’, ‘anticipate’, ‘outlook’, ‘project’, ‘estimate’, ‘intend’, ‘continue’ or ‘believe’. These do not constitute investment advice or recommendations to buy or sell investments and you should not place undue reliance on such returns and statements, as actual returns and results could differ materially due to various risks and uncertainties.

“While Germany is getting its political house in order, with the Social Democratic Party having accepted to form a grand coalition with Chancellor Merkel’s Christian Democratic Union Party, Italians are waking up to a possible new world order.”

 

“At this hour, stock markets are in negative territory, unsure how the political environment in Italy will develop. Exit polls are currently indicating that the centre-right block has won 37% of the vote while the anti-establishment and eurosceptic Five Star Movement appears to have secured 32% of the vote, making it the biggest single party in the Italian parliament. It is expected that both the centre-right block and the Five Star Movement will seek the right to form a government.

 

“Given the uncertainty and the possibility of a hung parliament, the domestic Italian stock market will likely spend the session today marred in red ink, whilst the general European equity market, currently in negative territory, may find solace following news of Germany’s Grand Coalition. Investors will also likely be concerning themselves with the anti-trade rhetoric of the U.S. President and the impact on the continent’s exporters and industries.”

 

 

All information as at March 2018, unless stated otherwise

 

Risk Disclaimer 

This update may contain forward-looking statements which can be identified by the use of terminology such as ‘may’, ’should’, ‘expect’, ‘anticipate’, ‘outlook’, ‘project’, ‘estimate’, ‘intend’, ‘continue’ or ‘believe’. These do not constitute investment advice or recommendations to buy or sell investments and you should not place undue reliance on such returns and statements, as actual returns and results could differ materially due to various risks and uncertainties.

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