Investment Advisory Team
French Presidential primaries begin November 20th and they will be followed closely for signs that far right candidate Marine Le Pen might win the general election in April, 2017. Le Pen opposes European Union membership for France and would advocate for abandoning the euro.
Next, Italy holds a referendum vote on December 4th on an overhaul of its legislative system aimed at speeding up the lawmaking process and eliminating bureaucracy.
Prime Minister Matteo Renzi has proclaimed he will resign if the vote fails (though recently downplayed that possibility). There is fear that if Renzi leaves, enthusiasm for turning around Italy’s troubled economy will falter (see this chart showing the spike in Italian bond rates, signaling growing concerns about the country).
In Asia, China will hold its twice a decade National Congress of the Communist Party in the fall of 2017. At this event, top leadership typically turns over, setting up the future direction of the country. Additionally, new items are added to the Party constitution.
This report is based on data obtained from sources we believe to be reliable. Hefren-Tillotson does not, nor any other party, guarantee the accuracy or completeness of this report or make any warranties regarding results obtained from its usage. All opinions and estimates included in this report constitute the firms judgment as of the date of this report and are subject to change without notice. This report is for informational purposes only and is not intended as an offer or solicitation to buy or sell the securities herein mentioned.