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Three Developments in Europe You May Have Missed over the Summer-and One You Didn't
By Advisor Perspectives
Capital Markets, Financial Services
The months of July and August are traditionally a little quieter for markets in Europe as participants take a summer break. But things don’t stop completely. As the wheels get back up to speed, David Zahn, Franklin Templeton’s Head of European Fixed Income, considers a few developments in Europe over the summer months that might have slipped under the radar.
“Flight to Quality” Pushes Core European Bond Yields to Unrealistic Levels
For a few days in the traditionally quiet mid-August period, concerns about a crisis in Turkey generated feverish headlines and created some volatility in emerging-market assets.
We felt the likely economic fallout was largely confined to Turkey and we regard the knock-on effect on the financial markets and economies of the European Union as very small.
Read more at Advisor Perspectives.
Photo: Rock Cohen