NEW - Implications to investors from Italy’s election
U.S. equity markets were shook by the uncertainty from the election result in Italy and dropped from 1.4 percent to 1.8 percent yesterday. What are the implications to investors from Italy’s election?
Investors worry new parliament in Italy will hinder the economic reform and rekindle the crisis in Europe again, market sentiment should be pressure in short-term. However, reaccelerating economic growth in U.S. and China this year can still provide positive momentum to equity market this year. Similar to election in Greece last year, Italy’s election may trigger short-term correction in global equity markets but provide a good buying time for investors who have cash on hand and are waiting to buy-in.
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