Asia, Europe stocks tipped to benefit from a Macron win
Defeat for Marine Le Pen in the French election on Sunday would boost risk appetite generally, say fund managers. But US equities are widely viewed as overvalued.
A win for Emmanuel Macron in the French presidential election on Sunday would cement confidence in Europe’s economic recovery and boost appetite for European and Asian equities, argue portfolio managers.
But some feel that a victory for the centrist candidate over National Front leader Marine Le Pen has already been largely priced in, with polls suggesting that some 60% of voters support Macron. (Still, AsianInvestor yesterday assessed the implications of a win for Le Pen.)
Paul…
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