Deutsche Bank: French political crisis pushes Asian investors away from Europe

The view that the political crisis in France is massively ousting Asian investors from the markets in the overall, expresses its executive . Specifically, Christian Nolting from Deutsche Bank, speaking to Handelsblatt, says that at the beginning of the year, 20% of investors still named Europe as their investment destination, because many shares here are valued very low compared to American shares, compared to the development of corporate profits. This figure now stands at 7%, that is, it has been sub-tripled. Political uncertainty in Europe discourages many people, according to Deutsche Bank’s executive. Asian investors do not make such an exact distinction between individual countries. You can see this in the stock market performance, he noted. In recent months, European indicators, such as the large-scale Stoxx Europe 600, have overturned against S&P 500 in the US, but after the announcement of the new elections, they have again submitted, says Deutsche Bank’s executive.