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In conversation with the show’s anchor, Louisa Bojesen, Vassilis discussed our Investment team’s current view of stocks in the eurozone. Broadly speaking, they favour Germany, France, Spain and Italy with a preference for banks, chemicals, basic materials and oil & gas sectors.
As the conversation turned to the political landscape and upcoming elections across the continent, Vassilis pointed out that “volatility during the elections is a good opportunity to buy.”
When asked about the impact of Brexit, he was quick to dismiss it at this stage. “Brexit doesn’t pose a major threat,” he said “It’s more of a headline risk and nothing will happen until after the German elections.”
What’s clear is that he regards the eurozone as looking more promising than the UK when it comes to equities. “We’re seeing the first cracks in the UK economy,” he said “The weakening pound is starting to bite the consumer.”
To watch the highlights from the live show, please click here.