The outstanding victory of Angela Merkel in the German election keeps European markets in a wait and see mode and this could last a bit. It is seen positively that Europe´s biggest economy is staying in the hands of a predictable and strong leader with economy friendly politcs, but on the other hand it could be difficult to build a new governement after the partner in the former coalition could not get in the parliament again.
Economical figures are improving steadily and even Greece and Spain have surprised with better than expected fiscal numbers, so risk averse investments are on retreat and back to levels never seen since the outbreak of the crises in 2008/2009. Equity market participants in Europe are getting more and more confidence. Investors should buy the dips.
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Category: Austria on Europe