French and Italian bonds jumped as Dutch Prime Minister Mark Rutte’s Liberals easily beat off an election challenge from the Freedom Party of Geert Wilders, boosting optimism that a rising tide of populism across the euro region can be stemmed.
French bonds gained a fourth day, with 10-year yields dropping below 1 percent for the first time in a week. The Dutch vote drew unusual global scrutiny as it came before next month’s presidential election in France where anti-euro candidate Marine Le Pen has vowed to take the nation out of the single currency. The probability of a Le Pen win, implied from betting odds, fell by around 1 percentage point to 29.3 percent following the Dutch result. European bonds were also boosted after the Federal Reserve raised interest rates on Wednesday, without accelerating the timeline for future tightening.
With Dutch financial markets remaining relatively calm in the run-up to the election, analysts were predicting that a greater reaction would be seen in French securities. That was borne out on Thursday, with Italian bonds, which have become more correlated to French debt, also benefiting from the result.
Source :Times Of Oman
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:56 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:10 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor