The rise of the far right in Europe is worsening the investment climate
With eurozone bond yields rising and the euro falling, markets reacted today to the results of European elections.
Analysts estimate that the rise of far-right parties in the European Parliament combined with the announcement of early elections in France (the second largest economy in the Eurozone) are intensifying political uncertainty, resulting in a worsening of the investment climate.
Indicative of the negative climate that prevailed, was the decline in bond prices in almost all the markets of the euro zone, as well as the pressures that the euro received as a result of which it fell against the dollar by up to 0.55% to 1.0741 dollars.
The Greek secondary bond market moved accordingly today and more specifically at Electronic Transaction System (EDAT) of its Bank where transactions of 91 million euros were recorded, of which only 12 million euros related to purchase orders.
His performance Greek 10-year bond rose to 3.73% from 3.63% that closed yesterday, versus 2.67% of the corresponding German title, bringing the margin to 1.06%.
In the foreign exchange market, the euro moves down against the dollar, with the result that in the afternoon the European currency trades at $1.0754. from the $1.0782 level that opened the market.
Source: Skai
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