A Le Pen loss will be a win for European equities

by Dramelin 10:00 PM 0 comments

JPMorgan estimated that a Le Pen loss will see at least 10 percent of assets under management flow back into the region`s stock markets.
JPMorgan considered a Le Pen win and euro zone breakup fears would have a similar impact on markets as the 2011-12 European debt crisis, when around 20-25 percent of assets under management flowed out of European equities.
"But the bank noted that while it considered a Le Pen victory unlikely, it wasn`t out of the realm of possibility.
But fears abound over a potential dark horse Le Pen victory, in line with political surprises such as Brexit and Donald Trump`s U.
S.
presidential win.
If far right French presidential candidate Marine Le Pen loses the election, it will spur a "significant" surge of inflows into European stocks, JPMorgan said in a note Monday.