The impact of the Paris terror attacks and the Japanese recession were the topics focused on by Marcus Ashworth, Head of Fixed Income for Haitong Securities, when he joined Nick Batsford and Zak Mir on the Tip TV Finance Show.
Stocks to be impacted by Paris attacks
Ashworth commented that the retail, airline, transport and tourist industries will all be affected by the Paris terror attacks which occurred on Friday. He also added that there will be wider geo-political ramifications which could affect the financial market much more than the initial shockwaves sent across the world.
Japan recession down to Capex
Ashworth believed that the 5th double dip recession in Japan was all down to Capex, and he expected that we will see another supplementary budget.
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