Euro Is Suddenly Everyone’s Favorite After First Round of French Election
- JPMorgan Asset favors European stocks as political risk fades
- Goldman predicts euro gains as Pimco turns ‘more constructive’
NAB's Attrill Sees Euro Trending Higher Next Year
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What a difference a week can make. Perceived as the riskiest currency on the planet until Sunday’s French election, the euro is suddenly everyone’s favorite.
Goldman Sachs Group Inc. expects the euro to gain almost 4 percent after the first round of the vote delivered all that investors hoped for. Pacific Investment Management Co. has a “more constructive” view on the currency and Nomura Holdings Inc. has recommended buying it. BlackRock Inc. and JPMorgan Asset Management favor European shares amid reduced political risk, while BlueBay Asset Management has already added to holdings.