Bloomberg (October 28)
“Political uncertainty will likely weigh on sentiment for investors in Japanese assets after the ruling coalition led by the Liberal Democratic Party failed to win a majority in parliament for the first time since 2009.” Though this uncertainty was not priced in, there may still be buying on dips, and “global investors are still pinning hopes on Japan’s improving corporate governance as a factor to buy equities.”
Tags: Assets, Coalition, Corporate governance, Dips, Failed, Investors, Japan, LDP, Majority, Parliament, Political uncertainty, Sentiment
CNBC (May 29)
“Political uncertainty in Italy has unhinged world markets, raising the specter of a euro crisis that could ripple across the global economy and even force the Federal Reserve to slow its rate-hiking plans.” While odds appear low that Italy will opt out of the single currency bloc, “internal chaos and a new election could make for a rocky summer for markets and even put a dent in European economic growth.”
Tags: Chaos, Currency, Economy, Election, Euro crisis, Fed, Growth, Italy, Markets, Political uncertainty, Rate hike, Unhinged
The Economist (November 25)
“Political uncertainty is bad for Germany and Europe. Germans should vote again.”
Tags: Europe, Germany, Political uncertainty, Vote
Wall Street Journal (January 21)
“Amid China’s economic tremors, political uncertainty in the U.S. and policy sclerosis in Europe, ECB President Mario Draghi is the only policy maker in town who seems determined to keep the party going.” While the European Central Bank (ECB) left rates and its quantitative easing program unchanged, Draghi the “lonely agent of good cheer” suggested the ECB would review its policy, possibly easing the spigot as early as March.
