FXstreet.com (Barcelona) - Merrill Lynch’s survey for fund managers indicates the triple of respondents who see the risk of a negative shock around Germany’s economy, to 32% in July, from 10% in June. The same question about France shows 55% concerned investors.
“Fears that Spain or Portugal could spring a negative surprise have fallen, while expectation of good news from Ireland is growing – 32 percent of investors hope for a positive surprise from Ireland this year, up from 16 percent in June”, wrote Merrill Lynch analysts, pointing to falling confidence in Greece, with 63% investors expecting the country to leave the euro.
“Fears that Spain or Portugal could spring a negative surprise have fallen, while expectation of good news from Ireland is growing – 32 percent of investors hope for a positive surprise from Ireland this year, up from 16 percent in June”, wrote Merrill Lynch analysts, pointing to falling confidence in Greece, with 63% investors expecting the country to leave the euro.
