Financial markets react positively to EP election results

Eurosceptic advances are not as bad as feared

Female students are predominant on five out of the six Copenhagen University faculties (photo: iStock)
May 26th, 2014 3:44 pm| by admin
facebooktwittergoogle_pluspinterestmail

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.

CPH Pride will light up the streets of Copenhagen in mid-August (Photo: istock)
Mid-August events: Proud, loud, no clouds allowed
CPH Pride Aug 11-15, Parade: Aug 15, 13:00; Smallegade, Frederiksberg City...
(photo: Henrik Stenberg)
August Performance: Pirouetting at the police station
Summer Dance Aug 11-17, 20:30, Aug 16-17, 14:30; Politigården, Cph V; f...
Until relatively recently, the Faroese needed to catch a boat every time they wanted to travel to one of the 18 islands (photo: Vincent van Zeijst)
Parliament election on Faroe Islands announced
Kaj Leo Holm Johannesen, the prime minister of the Faroe Islands, has annou...
The port of Calais is not this peaceful or visible today (photo: Luctor)
French sailors striking against DFDS purchase in Calais again
Hundreds of French sailors blocked access to the city of Calais, France thi...
The accused has appealed, denying all charges (photo: iStock)
Dane found guilty of raping his teenage stepdaughter
A 51-year-old man from Maribo on Lolland was today found guilty of repeated...
Protests against uranium mining in Greenland came to Copenhagen today (Photo: Alberto Otero Garcia)
Anti-uranium rally in Copenhagen
About 80 protestors joined Chemnitz Larsen (IA), Greenland’s representati...