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Macron Win Positive for European Risk Assets

Perspectives» |

May 8, 2017

We expect that Macron’s future actions will be in the tradition of supply-side reforms, coupled with socially-responsible stabilizers. As fears of political unrest have eased in the short-term, we believe reflation trades will take center stage again, with a renewed focus on economic fundamentals. As political risk has eased, the potential for tapering talks has intensified and could impact the currently very low level of European interest rates.

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