The potential need for public support may represent another source of tension between the Italian government and the European Commission, after the battle on the 2019 budget in the Autumn.
Mehrere Faktoren sprechen dafür, dass die Kurse von Schwellenländer-Aktien in diesem Jahr steigen könnten, meint Jeroen Blokland, Portfoliomanager bei Robeco.
In the Central Bank Watcher, Robeco examines the policy and actions of the major central banks to see how these will affect the macro outlook and financial markets going forward. Click here to read the full report.
The steps made by the Italian government were enough to satisfy the EC to stave off an excessive deficit procedure.
Risk sentiment turned positive this week, as the Italian government lowered the fiscal deficit target and China-US trade fears subsided. In this environment peripheral bond markets rallied, with Italy outperforming strongly.
Periphery bond markets initially found some stability amidst wider market turbulence as the Italian government continues to express a more conciliatory tone towards Brussels.
In den letzten Monaten sind die Märkte durch raue See gesegelt. Aber es gibt auch Umstände, die sich positiv auf Aktien auswirken, betont Robeco-Stratege Peter van der Welle.
