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UBP: Risk appetite to return following French election

Emmanuel Macron’s election victory has boosted UBP’s confidence in European markets, with the Swiss bank advising clients to retain regional equity exposure and reduce gold holdings. Tailwinds for European equities “From a tactical perspective, it is expected that G7 markets will resume taking risk,” says Mark McFarland, chief economist for Asia at UBP. “The recent sell-off in French bonds may…

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