ETHENEA: Comment on the Brexit agreement

ETHENEA: Comment on the Brexit agreement

Harald Berres.jpg

Harald Berres, Senior Portfolio Manager, Ethenea comments:

‘The stock markets have been trending positively for days now, as both the trade conflict between China and the USA and the Brexit trade conflict have feasible solutions in sight.

The UK and the EU today reached an agreement on Brexit, but the British Parliament has yet to give its approval.

Today's reaction from the equity markets is slightly positive (Dax currently +0.5%), but by no means euphoric. In our opinion, this trend will continue towards the end of the year. The fact that uncertainties are decreasing is an important signal and important step in the right direction.’