15th March 2018
Investec: Letter from Italy Weekly Digest
Welcome to this week's edition of Weekly Digest; a topical in-house review of world stock markets and the global economy.
This week, as the title suggests, our Head of Investment Strategy John Wyn-Evans writes to us from Italy; taking the opportunity to comment on the political and economic situation there. Here's a preview of what John had to say:
"A year or so ago, last week’s general election was viewed as a potentially dangerous hurdle for markets to negotiate, as Europe appeared to be on the brink of being overwhelmed by populist parties. As it turned out, the voters of the Netherlands, France and Germany baulked at handing power to the more extreme parties...In the end, Italy was the one country that did hand the greatest share of the vote to an anti-establishment group, with the Five Star Movement (5*) capturing just shy of a third..."
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