CPH Post

Business

Financial markets react positively to EP election results

Eurosceptic advances are not as bad as feared


Markets had feared even greater advances for Eurosceptic parties (Photo: Scanpix)

May 26, 2014
15:44

by Philip Tees


Børsen reports that the financial markets have responded positively to the results of the European parliamentary elections.

Relief
Frank Øland, a chief strategist at Danske Bank, was interviewed by Børsen TV. “There was maybe a bit of nervousness up to the election,” he said. “But now that we’ve got the result, the markets are taking a relieved breath in.”

He highlights the rise of Eurosceptic parties across the continent as being one of the points that had been causing concern.

Positive predictions
“Eurosceptics have advanced, but they aren’t in a position to have decisive influence. For example, Golden Dawn in Greece got 10 percent of the votes, but it could have been even worse,” he said.

The election of Poroschenko in Ukraine was also met with enthusiasm in the markets. Shares in Ukranian companies went up by 2-3 percent following the news.

Øland predicts that the stock market will climb by 5-10 percent over the next 3 months, depending on the outcome of the European Central Bank’s meeting next week.



Related stories



Latest Comments

You seem to justify the brutal stabbing of pilot whales by referring to the...

(Jill Cooper on September 2, 2014 23:13)

Https://www.facebook.com/groups/whalearsfaroeislan/ join this group and you...

(Morten Ejner Hønge on September 2, 2014 23:08)

Wow love these pictures :-) all went well,and well orgarnized. Well done...

(Dorothy Ocanda on September 2, 2014 22:16)

When was it decided that proper punctuation isn't neede in headlines?

(Cliff Arroyo on September 2, 2014 19:01)

Is the Danish military compulsory? If not, this type of crap should work as...

(Chris Sorochin on September 2, 2014 17:27)

SMH

(Kevy Kev on September 2, 2014 16:26)

In a study of arrested child pornography possessors, 40 percent had both...

(Dan Murray on September 2, 2014 15:43)

Ok.Bri ..here's a thing..let's say you can encourage the people of the newly...

(Rosie Swinbanks on September 2, 2014 14:25)

I hope Danish prison comes with a good dental plan, I'd vote to convict...

(Bill Jones on September 2, 2014 13:36)

Test

(Anders Eskholm on September 2, 2014 10:51)