Euro revolution
Article Abstract:
Planned European monetary union will have a number of effects on financial markets, argues Merrill Lynch. European markets are likely to become more attractive to international investors and European investors are likely to switch attention to sectors rather than individual European countries. Mergers are likely between stock exchanges and financial services mergers are likely to occur in order to expand distribution across borders. Data on past performance will have to be converted to euros which could lead to some distortions.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Set to recover
Article Abstract:
The Israeli stock market has fallen by 40% since its peak in Feb 1994. Israel has a high per capita income, but characteristics such as protectionism and foreign investment at low levels are similar to those of emerging economies. Israel suffers from a trade deficit despite strong exports, but unemployment has fallen, despite strong immigration levels. Foreign investment looks set to rise, and interest rates look set to fall, which should help promote a recovery in share prices.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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