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Syriza and the effects on the markets
InvestInPoker
Posts: 1,356 Forumite
http://www.bbc.co.uk/news/world-europe-30957033
Seeming more and more likely Syriza will win in the Greek elections tomorrow (going off the betting odds)
What will this hold for European equities? Coming off the back of such strong gains from the QE announcements will it all unravel again? I have read that this time the Eurozone is more prepared for such an eventuality - other countries like Spain and Ireland are in a stronger position than a few years ago and any contamination will be very "contained". Still it seems like this will be a substantial change in direction for Greece. Exit from the Euro and defaulting on debt both strong possibilities that could have ramifications for investments in the short term.
Seeming more and more likely Syriza will win in the Greek elections tomorrow (going off the betting odds)
What will this hold for European equities? Coming off the back of such strong gains from the QE announcements will it all unravel again? I have read that this time the Eurozone is more prepared for such an eventuality - other countries like Spain and Ireland are in a stronger position than a few years ago and any contamination will be very "contained". Still it seems like this will be a substantial change in direction for Greece. Exit from the Euro and defaulting on debt both strong possibilities that could have ramifications for investments in the short term.
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Comments
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InvestInPoker wrote: ».... ramifications for investments in the short term.
Investments shouldn't be for the short term. Why worry?0 -
Archi_Bald wrote: »Investments shouldn't be for the short term. Why worry?
Yeah mine are not for the short term, and I am not worried. I was just wondering what the short term effects are going to be.0 -
InvestInPoker wrote: »Yeah mine are not for the short term, and I am not worried. I was just wondering what the short term effects are going to be.
Euro down, unless it's been oversold, if so it will go up.Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0 -
From what I've read they've significantly toned down their euro exit rhetoric which bodes well for equities I'd say. Although they are expected to aggressively renegotiate terms of their debt. Their German bankers wont be pleased.
Latest polls give Syriza a 4% lead.0 -
fitandhealthy wrote: »How best to profit from this?
Buy some kebabs today before the price goes up tomorrow.;)0 -
Archi_Bald wrote: »Investments shouldn't be for the short term. Why worry?
Thing is, it's not just about investments. At the moment the currency risk is more of an issue. If I want to holiday in Lanzarote, get a job in Zurich, or buy a house in Naples, those things cost a different amount to what they did last week. With investments it's possible to wave hands and say 'why worry, it's all for the long term' but these kind of situations are affected right now.
The other question is if you're planning to buy into the market you may care about (and be able to control) your entry point.0 -
worried_jim wrote: »Buy some kebabs today before the price goes up tomorrow.;)
Kebabs now 4% up.0
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