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Old and New Drivers in the Week Ahead
Last week's developments will continue to shape the investment climate in the week ahead, and at the same time, new inflation readings from the US, EMU, and Japan will add incrementally to investors' information set. We do not expect the results of the German election to have much market impact. The most likely result is a strong signal of continuity with a return of the Grand Coalition. At the same time, French President Macron's speech next week is to herald a new post-Brexit, post-financial crisis, phase of the European Project, which a fourth-term Merkel may warm up to if Macron can truly reinvigorate the French ... (full story)