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Laurent Clavel comments on Italian election

Laurent Clavel comments on Italian election

Market commentary
05 March 2018

Laurent Clavel, Head of Macroeconomic Research at AXA Investment Managers, comments on Sunday's Italian election results.

"Italy’s general election, as widely predicted, has delivered a hung Parliament. With a surprisingly high turnout of 75%, Sunday’s election seems to have provided a Parliament broadly in line with pollsters’ projections, with no pre-electoral coalition reaching a majority. Anti-establishment parties The Five Star Movement and Lega (formerly the Northern League) are set to post better results than expected at respectively 31% and 18.5%. They may together reach an absolute majority but such a coalition remains politically very unlikely. The coming weeks will see negotiations among the various parties take place. We expect this to eventually deliver a Presidential government backed by several mainstream parties. At this stage, futures point to a muted market reaction."

 

To speak to Laurent Clavel please get in touch with the AXA IM Media relations team.

 

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