McQuaker's verdict on Europe: On the mend but not fit for action

EUROPE

clock • 4 min read

As the eurozone appears to receive some respite, Bill McQuaker, head of multi-asset at Henderson, warns a cure for its ills is yet to be found.

When Ben Bernanke suggested the end of quantitative easing (QE) was closer than investors had thought, markets wobbled. Soothing words from the US Federal Reserve chairman followed, markets rallied and it seems a hint of complacency has returned. That has been a stroke of luck for European policymakers who need more time to tackle deep-rooted problems in the eurozone. Unfortunately for them, however, the window of opportunity may not last forever. During May and June, weakness in China, rising 10-year US treasury yields on QE tapering speculation and a stronger dollar combined to hit ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

PA360: It is 'impossible' to pick out the best asset class every year

PA360: It is 'impossible' to pick out the best asset class every year

‘The outsourced route is one that a lot of advisers are now taking’

Hope Coumbe
clock 26 April 2024 • 2 min read
PA360: Framing of information to investors 'extremely pervasive'

PA360: Framing of information to investors 'extremely pervasive'

Consumer Duty states consumer biases must not be exploited

Jenna Brown
clock 25 April 2024 • 1 min read
Schroders chief executive Peter Harrison to retire in 2025

Schroders chief executive Peter Harrison to retire in 2025

Harrison began his career at Schroders as a graduate in 1988

Cristian Angeloni
clock 24 April 2024 • 2 min read