The Dutch elections taking place 15 March may be of considerable importance to investors, or not, depending on the different views that have emerged in the run-up to an event that may set the blueprint for how far electors in key European jurisdictions decide to swing towards ‘populist’ politics. Viktor Nossek, director of Research at […]
Despite strong concerns at the start of the year, we believe that overall economic conditions are stabilizing, backed by a more aggressive policy stance, better fiscal supports, recovery of the real estate sector and credit growth, while consumers and the private sector have remained relatively resilient. Tail risks of a hard-landing in the near term […]
It has been just over a year since the Organization of Oil Exporting Countries (Opec) embarked on a new strategy of seeking market share and abandoned its attempts to try to steady oil prices at levels which would help balance its members’ fiscal budgets. Spearheaded by Saudi Arabia, the strategy was designed to squeeze out […]
The Liberal Democratic Party (“LDP”) and Komeito unveiled the ruling coalition’s framework for tax system reform in December 2015. From an investment perspective, the important elements of the reform are the cut to the effective corporate tax rate and the introduction of tax relief to accompany the upcoming consumption tax rate hike. The timing of […]
Darren Hepworth, global trading director at UK execution only broker TD Direct Investing, has said that the latest stage in the discussion around Greece’s debts is causing uncertainty and volatility in markets, but is also leading to misplaced optimism about the options for the country via a so called ‘Grexit’ from the eurozone. “The threat […]
Comments published by the Danish Investment Fund Association, IFB, suggest that Danish investors are getting a raw deal from the country’s fiscal policy stance. At a conference on ETFs arranged by Nasdaq, Saxo Bank and iShares, chief executive Jens Jørgen Holm Møller said that “competition on price and quality is a given for investors, so […]
With elections looming in Japan this coming weekend, a number of views have been put forward about the impact in different asset classes. Peter Rosenstreich, Head Market Analyst at Swissquote, said that “while the LDPs approval ratings have dropped slightly there is still a chance Abe will add seats and reaffirm the populace support of […]
Iceland’s recovery from its financial crisis continues, but there is still no firm date for the abolition of capital controls, which are stopping deeper and broader recovery, says Nordea Markets in an update. A weaker ISK against key trading currencies has helped the economy since it collapsed in 2008. However, there is still a drag […]
InvesteringsForeningsRådet, the Federation of Danish Investment Associations, has noted that fiscal authorities in Denmark may be looking to another bumper year of revenue from taxes on pension savings.
Economists at BNP Paribas say that nobody won in the battle that finally ended with the US Congress being allowed do to its job properly and thereby avoid any default on US government debt.
Joanna Shatney, head of US Large Cap Equities, still sees the cuts imposed by Sequestration in the US as manageable, despite some GDP downside risk.
Russ Koesterich, BlackRock chief investment strategist, says that the impact of the fiscal rules known as the Sequester will start to be felt properly in the US in the second quarter of 2013.