Stocks higher at start of week after German election

Stocks higher at start of week after German election

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Investors are considering the result of the German election over the weekend which ended in a narrow victory for the Social Democrats. There will likely be months of negotiation before a new coalition will be agreed.

Tensions between the US and China may have eased slightly after an agreement was reached with US prosecutors to end the fraud case against the daughter of Huawei’s founder.

The Evergrande situation remains a cause for concern for investors. The giant Chinese property developer did not make an interest payment last week to its offshore bondholders and has still made no announcement. The company has entered a 30-day grace period and if the payment isn’t made will find itself in default.

 

Disclaimer:  ‘Where the business has expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals and are subject to change without notice. The information contained within this communication is believed to be reliable but Realm Investment Management Limited does not warrant its completeness or accuracy. This communication is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell investments.’

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