FXB - European Parliamentary Elections: A Barometer Of European Thinking?
European parliamentary elections don't typically generate international headlines, but with Brexit still unsettled, this time they are front and center. Our Head of European Fixed Income David Zahn says voters are clearly venting their frustrations, but what is really needed to restore greater investor confidence is some certainty about the path forward.
Normally, we don't consider European parliamentary elections to be an especially significant consideration for financial markets.
But these aren't normal times and we expect a lot of scrutiny of these results.
As expected, far-right populist parties have performed strongly but don't have a