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BGC's Ingram: Why Germany has so much to lose
The crisis with Russia and Ukraine appears to have hit investor confidence in Germany with the latest IFO survey down more than expected this Tuesday. On Monday, PMI data for the country also disappointed. While the figures are still relatively healthy, Michael Ingram, Chief Market Strategist at BGC Partners, says the country has much to lose should geo-political tensions increase.
The euro dipped below USD 1.38 this Tuesday but that's still not far from two-year highs. Despite the ongoing tensions, Michael doesn't see any big fall any time soon, despite earlier predictions. He says so long as there's economic momentum in Europe, investors will still see many opportunities in the continent. Such a high value, however, will not please the European Central Bank. He expects to see more decisive action, notably in terms of liquidity assistance, from the ECB in the second quarter.
02:28 minutes
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